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Suppose Apple raises the cost of downloading a song from iTunes from $0.99 per song to $1.49 per ...
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Suppose Apple raises the cost of downloading a song from iTunes from $0.99 per song to $1.49 per ...
Suppose Apple raises the cost of downloading a song from iTunes from $0.99 per song to $1.49 per song. This price increase will cause a(n) ________.
▸ decrease in demand
▸ increase in quantity demanded
▸ increase in demand
▸ decrease in quantity demanded
Textbook
Macroeconomics
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3
rd
Authors:
Acemoglu, Laibson, List
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decrease in quantity demanded
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