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Good Z Quiz

The former Soviet Union was an example of:

The 'law of demand' implies that

What effect is working when the price of a good falls and consumers tend to buy it instead of other goods?

The quantity demanded (Qd) of a soft drink brand A has decreased. This could be because:

Demand curves in P-Q space are derived while holding constant

Suppose the demand for good Z goes up when the price of good Y goes down. We can say that goods Z and Y are

If the demand for coffee decreases as income decreases, coffee is

Which of the following will NOT cause a shift in the demand curve for compact discs?

Which of the following is consistent with the law of supply?

The price of computer chips used in the manufacture of personal computers has fallen. This will lead to ______ personal computers.

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