a. decreases the quantity demanded of the other good.
b. increases the demand for the other good.
c. decreases the demand for the other good.
d. increases the quantity demanded of the other good.
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The correct answer is: c. decreases the demand for the other good.
When two goods are substitutes, a decrease in the price of one good typically leads to a decrease in the demand for the other good, as consumers will tend to buy more of the cheaper substitute instead.
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5 answers
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1 answer