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Question
The following movement in the demand curve is because of:
Options
Increase in price of given commodity
Decrease in price of given commodity
Increase in price of substitute good
Decrease in price of complementary good
MCQ
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Solution
Increase in price of given commodity
Explanation:
The diagram shows contraction along the same demand curve: price rises and quantity demanded falls. Changes in related-good prices would shift the curve instead.
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