If the price of granite countertops rises, we would expect the demand for quartz countertops (a substitute product for granite) to decrease.
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Q202: A reduction in the expected future supply
Q203: The demand for an inferior good increases
Q204: A vertical reading of the demand curve
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Q206: Total consumer surplus is measured by the
Q208: An inferior good is one of poor
Q209: Other things being equal, total consumer surplus
Q210: There are more substitutes for oil as
Q211: When income increases, the demand for all
Q212: An increase in the price of a
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