If the price of frozen yogurt falls, the quantity of ice cream consumed will decrease and the

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If the price of frozen yogurt falls, the quantity of ice cream consumed will decrease and the price of ice cream will rise.


Use the laws of demand and supply to explain whether the statements is below are true or false. In your explanation, distinguish between a change in demand and a change in the quantity demanded and between a change in supply and a change in the quantity supplied.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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