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People Respond to Incentives
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People Respond to Incentives
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0. Basic Principles of Economics / People Respond to Incentives / Problem 2
Problem 2
What is a likely consumer response to a decrease in the price of a good?
A
A shift to substitute goods.
B
No change in the quantity demanded of the good.
C
A decrease in the quantity demanded of the good.
D
An increase in the quantity demanded of the good.
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