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n the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply

n the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X.

A decrease in the price of a product that is a complement to X will

  • increase D, increase P, and increase Q.
  • increase D, decrease P, and increase Q.
  • increase D, increase P, and decrease Q.
  • decrease S, decrease P, and increase Q.
  • shift D left with no change in P and Q.

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