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Suppose That Books Are Measured on the Horizontal Axis and CDs

Question 59

Multiple Choice

Suppose that books are measured on the horizontal axis and CDs are measured on the vertical axis.As long as the law of demand holds for books,than an increase in the price of books will generate a price-consumption curve that traces a path:


A) to the left.
B) to the right.
C) upward.
D) downward.

Correct Answer:

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