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1 . If the price of a complement good increases, the demand _____. If the price of a substitute good decreases, the demand _____. a.

1 . If the price of a complement good increases, the demand _____. If the price of a substitute good decreases, the demand _____.

a. increases;increases

b. increases;decreases

c. decreases;increases

d. decreases;decreases

2 . Other things remaining the same, if government regulators outlaw the use of a technology that enables the good to be produced at a significantly lower cost, the supply of a particular commodity _____; and if the price of a commodity that is a substitute in production increases, the supply of a particular commodity _____.

3 .If consumers' income increases and the good is inferior, the equilibrium price _____ and the equilibrium quantity _____.

a. increases;increases

b. increases;decreases

c. decreases;decreases

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