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Practice: Consumer Demand
Related Topics
Wize University Microeconomics Textbook > Demand and Supply
Demand
3 Activities
If product X and Y are substitutes and there is an increase in the price of X, which of the following will happen:
A. Demand for X will shift left and demand for Y will shift right
B. Quantity demanded for X will decrease and demand for Y will shift outward
C. Quantity demanded for X will decrease and demand for Y will shift inward
D. Demand for X will shift right and demand for Y will shift right
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