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The price of Mcdonalds rises. How does this affect the market price and quantity of Wendy's, which is a substitute? 1) Price increases, quantity increases

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The price of Mcdonalds rises. How does this affect the market price and quantity of Wendy's, which is a substitute? 1) Price increases, quantity increases O 2) Price increases, quantity decreases 3) Price decreases, quantity increases 4) Price decreases, quantity decreases ( 5) No change

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