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Author Question: If the price of grapefruit rises, the substitution effect due to the price change will cause A) a ... (Read 205 times)

lracut11

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on: Jun 29, 2018
If the price of grapefruit rises, the substitution effect due to the price change will cause
 
  A) a decrease in the demand for oranges, a substitute for grapefruit.
  B) a decrease in the quantity of grapefruit demanded.
  C) a decrease in the quantity of grapefruit supplied.
  D) a decrease in the demand for grapefruit.

Question 2

Explain how it is possible for a downward-sloping demand curve to have a constant slope but still have a variation of elasticity of demand along it.
 
  What will be an ideal response?
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quynhmickitran

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lracut11

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
Excellent

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