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Question

QUESTION 17

An increase in the price of butter is likely to cause:

O the demand for margarine to increase.

© the demand for margarine to stay the same.

© the demand for butter to stay the same.

© the demand for butter to increase.

QUESTION 18

Answer

Option A: The demand for margarine to increase.

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When the price of butter increases, consumers may switch to a substitute product like margarine, which is a similar product. This means that the demand...