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MicMac 2 Flashcards | StudBud
MicMac 2
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Demand for beer: Qb = 2-4Pb+.001Yc+5Pw where Yc is income, Pw is price wine, which is true?
A
Beer demand goes up by 4 units when beer prices fall
B
Beer demand falls by 5 units when wine prices rise
C
Beer demand falls by 1 unit when incomes fall
D
Consumer will drink 2 units of beer no matter what
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