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There is an increase in the demand for cream when the price of coffee falls. Other things constant, we can conclude that coffee and cream

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There is an increase in the demand for cream when the price of coffee falls. Other things constant, we can conclude that coffee and cream are O complementary goods. independent goods. substitute goods. inferior goods.P P Panel A Panel B P Panel O Panel D Which of the panels above best represents a demand curve? Panel A Panel B Panel C Panel DPrice Supply, S, So B 0 Quantity Refer to the figure above. Which of the following events could have moved the supply curve from $1 to $2? OHigher government taxes on business. An increase in employee/worker wages More consumers Use of better, improved technologyPrice $50 S 25 15 D 0 10 20 50 75 100 Quantity Refer to the figure above. When the price is $25, what amount do consumers want to buy? 50 75 O10 25Price Supply, S, S2 B 0 Quantity Refer to the figure above. Which of the following events could have caused the movement from A to B? O More consumers. O Improved, better technology More sellers. Increase in the price of the product itself

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