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If products A and B are substitutes and the price of B decreases: O the demand for A will increase and the quantity demanded of
If products A and B are substitutes and the price of B decreases: O the demand for A will increase and the quantity demanded of B will increase. O the demand curves for both A and B will shift to the left. O the demand for A will decline and the quantity demanded of B will increase. O the amount of B purchased will increase, but the demand curve for A will not shift
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Macroeconomics
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
1st Edition
978-0132109994, 0132109999
