What Would We Expect to Happen to the Price of Bagels

question 87

Multiple Choice

What would we expect to happen to the price of bagels if the price of flour decreased and the price of cream cheese decreased?

• A) The equilibrium price of bagels will be indeterminate and the equilibrium quantity will go up.
• B) The equilibrium price will go up and the equilibrium quantity will go up.
• C) The equilibrium price will go down and the equilibrium quantity will be indeterminate.
• D) The equilibrium price will be indeterminate and the equilibrium quantity will go down.
• E) The equilibrium price will go up and the equilibrium quantity will be indeterminate.

---

Definitions:

Legal Issues

Matters or disputes that involve laws, legal principles, or proceedings.

Remedies Sought

The legal means or actions pursued by a plaintiff or complainant in a lawsuit seeking relief or justice for grievances.

West's Federal Appendix

A reporter of federal court decisions that are not selected for publication in the Federal Reporter.

Binding Precedent

A previous court decision that must be followed by lower courts within the same jurisdiction in cases involving similar facts or legal issues.