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Which of the following statements is correct a a

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14. Which of the following statements is correct?A.A decrease in the price of X will increase the demand for substitute product YB.A decrease in income will decrease the demand for an inferior goodC.An increase in income will decrease the demand for a normal goodD.An increase in the price of X will decrease the demand for complementary product YE.An increase in the price of X will increase the demand for complementary product YAnswer: D
15. A leftward shift of a supply curve for avocados (a normal good) might be caused by:
16. AssumingRamen noodles are an inferior good, a decrease in income will shift the

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Term
Fall
Professor
NoProfessor
Tags
Supply And Demand, Volleyballs

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