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Author Question: Scooters and bicycles are substitutes. Suppose that the price of a bicycle falls. Which of the ... (Read 99 times)

Capo

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on: May 24, 2019


Scooters and bicycles are substitutes. Suppose that the price of a bicycle falls. Which of the figures above best illustrates how this fall in price affects the demand curve for scooters?
◦ Figure A
◦ Figure B
◦ Figure C
◦ Figure D
◦ None of these answers is correct because the change in the price of a bicycle will affect the supply curve not the demand curve.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Capo on May 24, 2019

Gabe

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Reply #1 on: May 24, 2019
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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Capo

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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