Suppose that goods A and B are close substitutes. If the price of good A falls, then we would expect an:
A) Increase in the demand for A and an increase in the quantity of B demanded
B) Increase in the demand for A and a decrease in the quantity of B demanded
C) Increase in the quantity of A demanded and a decrease in the demand for B
D) Increase in the demand for good A as well as for good B
Correct Answer:
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