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31 Aug 2018
Suppose that most consumers consider ice cream and frozen yogurt to be substitutes for one another. How is the market for ice cream affected by an increase in the price of frozen yogurt?
A) The supply of ice cream decreases.
B) The demand for ice cream increases.
C) The quantity of ice cream supplied decreases.
Suppose that most consumers consider ice cream and frozen yogurt to be substitutes for one another. How is the market for ice cream affected by an increase in the price of frozen yogurt?
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A) The supply of ice cream decreases. |
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B) The demand for ice cream increases. |
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C) The quantity of ice cream supplied decreases. |
manhokwe tawandaLv10
2 Mar 2021
