If Consumers View Cappuccinos and Lattés as Substitutes,what Would Happen

question 44

Multiple Choice

If consumers view cappuccinos and lattés as substitutes,what would happen to the equilibrium price and quantity of lattés if the price of cappuccinos 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:

Body Image

An individual's perceptions, thoughts, and feelings about their own body's appearance and physical capabilities.

Middle Childhood

A developmental stage that typically includes children from the ages of 6 to 12, characterized by significant cognitive, emotional, and social growth.

Overweight

A condition characterized by exceeding the normal or healthy weight for one's height, often defined by a Body Mass Index (BMI) between 25 and 29.9.

Physical Growth

The increases in height, weight, and other body dimensions that occur as a child matures.