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insherro insherro
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7 years ago
As the price of milk increases, what would reasonably be expected to happen to the equilibrium price and equilibrium quantity of cereal? (Milk and cereal are complements.)
A) Equilibrium price would increase and equilibrium quantity would decrease.
B) Equilibrium price and quantity would both decrease.
C) Equilibrium price would decrease and equilibrium quantity would increase.
D) Equilibrium price and quantity would both increase.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 97 times
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University of Ottawa - Economics for Managers
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andyborziandyborzi
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#1
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7 years ago
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insherro Author
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Just got PERFECT on my quiz
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