Use the figure below to answer the following questions.
Figure 3.5.1
-Initially, the demand curve for good A is D₂ in Figure 3.5.1. Suppose good B is a substitute for good A. If the price of B falls
A) the price of A will rise.
B) there will be a surplus of good A at P₂.
C) the demand curve for good A will shift from D₂ to D₃.
D) the equilibrium quantity of good A will increase.
E) all of the above are true except B.
Correct Answer:
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