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.

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Definitions:

Cathartic Release

A psychological concept where expressing or letting out emotions is believed to provide relief from emotional distress.

Disrespectful

Pertains to showing a lack of respect or courtesy towards someone or something, often resulting in hurt feelings or offense.

Whiny

Characterized by a complaining or grumbling tone or behavior, often perceived as irritating.

Effective Service

Delivery of services in a manner that achieves desired outcomes efficiently and satisfactorily.