A decrease in the price of milk will
a. increase the demand for milk.
b. reduce the demand for milk.
c. reduce the demand for orange juice, a substitute for milk.
d. do both a and c
C
Economics
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Will the problems of credit markets disappear when developing countries become more affluent?
What will be an ideal response?
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Gold is an excellent store of value because of its
a. divisibility, portability, and homogeneity b. divisibility and durability c. durability and relative scarcity d. durability and homogeneity e. divisibility, durability, and relative scarcity
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