If the Price of Tangerines Increases, the Price of Oranges

question 2

Multiple Choice

If the price of tangerines increases, the price of oranges also rises because

• A) buyers' incomes must have decreased and oranges are an inferior good.
• B) consumers consider the two goods complements and so sellers decrease the supply of oranges.
• C) if the supply of tangerines decreases, then the supply of oranges also must decrease.
• D) consumers consider the two goods substitutes and demand for oranges increases.
• E) buyers must have expected a higher price for oranges and thus increased their demand for oranges.

---

Definitions:

Expert

A person with extensive knowledge or ability in a particular area or field.

Referent

Something that refers or points to another thing; it can be a symbol or sign that denotes another entity.

Person Power

The influence or capability derived from an individual's personal qualities or resources.

Informal Power

Influence that an individual possesses within a group or organization, not due to their official position, but through other means such as knowledge, personality, or relationships.