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Refer to the Figure Below

Question 118

Multiple Choice

Refer to the figure below. If Laura and Chris are the only two consumers in this market, then when the price of hamburger decreases from $2.50 to $2.00 per pound, the quantity demanded in the market will ______ by ______ pound(s) per week. Refer to the figure below. If Laura and Chris are the only two consumers in this market, then when the price of hamburger decreases from $2.50 to $2.00 per pound, the quantity demanded in the market will ______ by ______ pound(s)  per week.   A) decrease; 1.5 B) increase; 1.5 C) decrease; 1 D) increase; 1


A) decrease; 1.5
B) increase; 1.5
C) decrease; 1
D) increase; 1

Correct Answer:

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