Lettuce and Spinach Are Substitute Goods

question 164

Multiple Choice

Lettuce and spinach are substitute goods.All else equal,if a spinach beetle destroys half of the nation's spinach crop,we predict that the equilibrium price of lettuce will ________ and the equilibrium price of spinach will ________.

• A) rise; rise
• B) rise; fall
• C) fall; rise
• D) fall; fall

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Definitions:

Labeling

The process of assigning names or categories to objects, people, or phenomena, often influencing perception and behavior.

Calming

The process or act of making someone less agitated, anxious, or excited.

Simultaneous Feelings

Experiencing multiple emotions at the same time, often seen in complex situations or relationships.

Mixed Feelings

Experiencing contradictory emotions about a particular person, situation, or outcome at the same time.