The Price of Oranges Falls

question 112

Multiple Choice

The price of oranges falls.What happens in the market for apples, which are a substitute for oranges?

• A) The equilibrium price falls and the equilibrium quantity rises.
• B) The equilibrium price rises and the equilibrium quantity falls.
• C) The equilibrium price and quantity rise.
• D) The equilibrium price and quantity fall.

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Definitions:

Human Lineage

The evolutionary path leading to and including Homo sapiens, marked by significant milestones such as bipedalism and complex tool use.

Leakey's Hypothesis

A theory proposing that the development of bipedalism in human ancestors was driven by ecological changes that favored standing and walking on two legs.

Genus Homo

The taxonomic genus which includes modern humans (Homo sapiens) and closely related species.

Tool Use

The behavior of using objects as tools to perform tasks such as obtaining food, shelter, or for defensive purposes, observed in various animal species.