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Question 21 The theory of consumer choice is to demand as the theory of the competitive firm is to supply. b, comparative adv
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Answer #1

The theory of consumer choice is to demand as the Theory of the competitive firm is to supply.

Theory of consumer choice said that if the price of any goods increases then consumers want to other alternative of that goods.

If the demand is increases then the price is increases and if the price increases then firms wants to sell more , that is sell increases.

So option A is the correct statement

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