If vodka and whiskey are substitutes,which of the following can we conclude?
A) A ban on vodka imports would increase the price of whiskey.
B) The demand for vodka would increase if the price of whiskey fell.
C) The demand for whiskey would increase if the price of vodka fell.
D) An increase in the tariff imposed on vodka imports would reduce the price of whiskey.
Correct Answer:
Verified
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