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Unformatted text preview: decreases (for example, oranges), etc. 1. What effect will each of the following have on the demand for product B? a. Product B becomes more fashionable. b. The price of substitute product C falls. c. Income declines and product B is an normal good. d. Consumers anticipate the price of B will be lower in the near future. e. The price of complementary product D falls. f. Price of B declines...
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- Spring '12
- Supply And Demand, c. Income declines