If the Price of Tangerines Increases, the Price of Oranges

question 2

Multiple Choice

If the price of tangerines increases, the price of oranges also rises because

• A) buyers' incomes must have decreased and oranges are an inferior good.
• B) consumers consider the two goods complements and so sellers decrease the supply of oranges.
• C) if the supply of tangerines decreases, then the supply of oranges also must decrease.
• D) consumers consider the two goods substitutes and demand for oranges increases.
• E) buyers must have expected a higher price for oranges and thus increased their demand for oranges.

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