Kiwi Fruit and Strawberries Are Substitutes for Consumers

question 24

Multiple Choice

Kiwi fruit and strawberries are substitutes for consumers. An increase in the price of a kiwi fruit coupled with an increase in the number of strawberry growers ________ the equilibrium price of a kilogram of strawberries and ________ the equilibrium quantity of strawberries.

• A) lowers; increases
• B) probably changes, but more information is needed to determine if it raises or lowers; increases
• C) raises; increases
• D) lowers; probably changes, but more information is needed to determine if it increases or decreases
• E) raises; probably changes, but more information is needed to determine if it increases or decreases

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