Which of the following will not cause a change in the demand for product A?
A. A change in the number of buyers
B. A change in the price of A
C. A decline in consumer incomes
D. A decrease in the price of close-substitute product B
Answer: B
Economics
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a. the price of aspartame will increase b. the price of sugar will decrease c. the price of saccharin will increase d. the demand curves for aspartame and sugar will shift leftward e. aspartame and sugar will be complements
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State two characteristics of the long-run equilibrium under perfect competition
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