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People Respond to Incentives
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Problem 7
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Problem 10
People Respond to Incentives
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0. Basic Principles of Economics / People Respond to Incentives / Problem 7
Problem 7
What happens to the quantity demanded of a good when its price increases?
A
The quantity demanded typically increases.
B
The quantity demanded typically decreases.
C
The quantity demanded remains unchanged.
D
The quantity demanded becomes infinite.
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