What Would You Expect to Happen to the Price of Bagels

question 85

Multiple Choice

What would you expect to happen to the price of bagels if the price of flour decreased and the price of cream cheese decreased?

• A) The equilibrium price of bagels will be indeterminate and the equilibrium quantity will go up.
• B) The equilibrium price will go up and the equilibrium quantity will go up.
• C) The equilibrium price will go down and the equilibrium quantity will be indeterminate.
• D) The equilibrium price will be indeterminate and the equilibrium quantity will go down.
• E) The equilibrium price will go up and the equilibrium quantity will be indeterminate.

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Definitions:

Proactive Strategy

An approach where actions are taken in anticipation of future challenges or opportunities rather than just reacting to events as they happen.

Deny Responsibility

The act of refusing to accept accountability or blame for actions taken or outcomes occurred, potentially to avoid negative consequences or maintain a certain image.

Status Quo

The current state or condition of affairs, often used to describe existing conventions or norms that are maintained over time.

Corporate Social Responsibility

Corporate Social Responsibility (CSR) is a business model in which companies integrate social and environmental concerns in their operations and interactions with their stakeholders.