If a and B Are Substitutes and the Price of a Rises,we

question 21

Multiple Choice

If A and B are substitutes and the price of A rises,we will observe

• A)an increase in the equilibrium price and the equilibrium quantity of B.
• B)a decrease in the equilibrium price and the equilibrium quantity of B.
• C)an increase in the equilibrium price but a decrease in the equilibrium quantity of B.
• D)a decrease in equilibrium price but an increase in the equilibrium quantity of B.
• E)a decrease in the demand for A.

---

Definitions:

Thriving

Flourishing or doing well; achieving success and growth in personal, professional, or academic areas.

Mentors

Experienced and trusted advisers who provide guidance, advice, and support to less experienced individuals.

Appropriate Risks

Risks that are deemed acceptable after an assessment, considering potential benefits and harm.

Important People

Refers to individuals who have a significant impact or influence in one's life or within a particular context or society.