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An Increase in the Price of a Complement Will Result

Question 31

Multiple Choice

An increase in the price of a complement will result in


A) a decrease in the quantity demanded for the product.
B) an increase in the quantity demanded for the product.
C) a decrease in the demand for the product.
D) an increase in the demand for the product.
E) a shift in demand for the complement.

Correct Answer:

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