If the Price of Apples Falls and the Price of Oranges

question 172

Multiple Choice

If the price of apples falls and the price of oranges remains constant:

• A) apples are now relatively cheaper.
• B) the fall in the price of apples made consumers richer.
• C) the fall in the price of apples, ceteris paribus, makes the marginal utility of apples divided by their price exceed the marginal utility of oranges divided by their price.
• D) all of the above statements are true.

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Definitions:

Hormones

Chemical substances produced in the body that regulate and control the activity of certain cells or organs, playing key roles in processes like growth, metabolism, and reproduction.

Reproductive Structures

Organs or parts in organisms that are involved in the process of reproduction.

Lateral Buds

Buds located on the sides of a stem that have the potential to grow into a branch, leaf, or flower.

Receptacle

The receptacle is the part of a flower stalk where the parts of the flower are attached, including the base that connects the flower to the stem.