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Question: 7 points hich of the following will nof cause the...

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7 points. hich of the following will nof cause the demand for product K to cha A, a change in B. an increase in consumer incomes C, a change in the price of K the price ofclose-substitute product J a change in consumer tastes 2. The law of demand is illustrated by a demand curve that is: A. Vertical B. Horizontal C. Upward sloping Downward sloping 3. An inferior good is one: A. That doesnt work B. That costs too much C. That wont be purchased at any price D. For which demand increases as income decreases A market for a product is in equilibrium when: A. Product price equals demand 4. B. The supply curve remains fixed C Quantity supplied equals quantity demanded Quantity demanded is greater than quantity supplied
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