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Question
as the price of a good increases, all else being equal, consumers will likely purchase (1 point) more of the good because substitutes have become relatively less expensive less 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
This is based on the law of demand and substitution effect: when a good's price rises, its substitutes are relatively cheaper, so consumers switch to substitutes and buy less of the more expensive good.
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less of the good because substitutes have become relatively less expensive