If Consumers Often Purchase Muffins to Eat While They Drink

question 127

Multiple Choice

If consumers often purchase muffins to eat while they drink their lattés at local coffee shops,what would happen to the equilibrium price and quantity of lattés if the price of muffins rises?

• A)Both the equilibrium price and quantity would increase.
• B)Both the equilibrium price and quantity would decrease.
• C)The equilibrium price would increase,and the equilibrium quantity would decrease.
• D)The equilibrium price would decrease,and the equilibrium quantity would increase.

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Definitions:

VoIP

Voice over Internet Protocol, a technology that allows for making voice calls using a broadband Internet connection instead of a regular phone line.

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Simple Mail Transfer Protocol; a standard protocol used for sending emails across the Internet, ensuring the reliable and secure delivery of outgoing mail.

PGP

Pretty Good Privacy, a data encryption and decryption computer program that provides cryptographic privacy and authentication for data communication. PGP is often used for securing emails.

Encryption

Encoding information or data to protect it against access by unauthorized individuals.