Use the figure below to answer the following questions. 
Figure 3.5.2
Original equilibrium at 1.
-Refer to Figure 3.5.2,which represents the market for beer.If the price of pizza,a complement of beer rises,what is the new beer equilibrium,ceteris paribus?
Definitions:
Court
A governmental institution authorized to settle disputes, adjudicate legal matters, and administer justice in accordance with the law.
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by the parties involved in order to be enforceable.
Guarantor
An individual or entity that guarantees to pay a borrower's debt in the event the borrower defaults on a loan obligation.
Oral Promise
A commitment made through spoken words which, in certain circumstances, can be legally binding, though harder to prove than written contracts.
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