If good P and Q are jointly demanded, an increase in the price of P will likely?

By: |Published on: May 24|Categories: Economics WAEC| 0 comments

A. leave the demand for Q constant but reduce the quantity demanded of P
B. reduce the quantity of P but increase the Price of Q
C. Increase the quantity supplied of Q
D. decrease the quantity demanded of Q

Correct Answer: Option D

D. decrease the quantity demanded of Q

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