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Regarding utility and consumer behavior, which of the following statements is TRUE, all else being equal? A. As the price of a good or service

Regarding utility and consumer behavior, which of the following statements is TRUE, all else being equal?

A. As the price of a good or service rises, the demand for substitutes will decrease.

B. The quantity demanded is inversely related to surplus.

C. The quantity demanded is inversely related to price.

D. As the price of a good or service falls, the demand for substitutes will increase.

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