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Ch. 3 - Supply, Demand & Equilibrium Flashcards | StudBud
Ch. 3 - Supply, Demand & Equilibrium
1 / 8
Which of the following will cause the
demand
for milk to decrease?
A
Increase in the price of milk
B
Increase in the price of a substitute
C
Decrease in income assuming milk is an inferior good
D
Decrease in income assuming that milk is a normal good
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