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Figure 2 : Demand Curve 1907 60 D2 150 DI 60 D3 Price in Pennies 100 50 Dr. Ibrahim Abu-Saad E Quantity Demanded in Units
Figure 2 : Demand Curve 1907 60 D2 150 DI 60 D3 Price in Pennies 100 50 Dr. Ibrahim Abu-Saad E Quantity Demanded in Units Figure 2 plots three demand curves for coffee during a given period; D1, D2, and D3. You know that the buyers in the market consider coffee and tea to be substitutable products. You also know that the buyers consider coffee and cream as complementary products. Referring to Figure 2, other things being equal, which of the following shifts should occur because of an increase in the price of cream? The demand curve for coffee shifts from D1 to D2. The demand curve for coffee shifts from D3 to D2. The demand curve for coffee shifts from D1 to D3. ONone of the above
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