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As the price of a good increases, all else being equal, consumers will likely purchase _____.(1 point)

* less of the good because substitutes have become relatively less expensive
* more of the good because substitutes have become relatively less expensive
* less of the good because substitutes have become relatively more expensive
* more of the good because substitutes have become relatively more expensive

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Answer:

less of the good because substitutes have become relatively more expensive

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