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Prescription drugs are often available in two versions — a name brand and a generic brand. As the price of the name brand rises, the price change
A. causes a decrease in the quantity demanded of the generic brand.
B. causes a decrease in the demand for the generic brand.
C. causes an increase in the demand for the generic brand.
D. will have no effect on the market demand for the generic brand.
E. causes an increase in the quantity demanded of the generic brand.
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Answers: 1
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Prescription drugs are often available in two versions — a name brand and a generic brand. As the pr...
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