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Question: what effect will each of the following have on the...

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What effect will each of the following have on the demand for product B? Indicate how the demand side will change for each one.

a) Product B becomes more fashionable. b) The price of substitute product C falls. c) Income declines and product B is an inferior good. d) Consumers anticipate that the price of B will be lower in the near future. e) The price of complementary product D falls.

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