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In which of the following statements are the terms "demand" and "quantity demanded" used correctly?
When the price of ice cream rose, the quantity demanded of ice cream fell, and the demand for ice cream toppings fell.
Assume product A is an input in the production of product B. In turn product B is a complement to product C.
increase the supply of B and increase the demand for C.
Other things equal, if the price of a key resource used to produce product X falls, the:
product supply curve of X will shift to the right.
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