Which of the Following Is the Effect of a Decrease

question 181

Multiple Choice

Which of the following is the effect of a decrease in the price of potato chips on the market for pretzels, a substitute good, that is initially in equilibrium?

• A) Both the equilibrium price and equilibrium quantity of pretzels will increase.
• B) Both the equilibrium price and equilibrium quantity of pretzels will fall.
• C) The equilibrium price of pretzels will increase, and the equilibrium quantity of pretzels will fall.
• D) The equilibrium price of pretzels will fall, and the equilibrium quantity of pretzels will increase.
• E) The equilibrium price and equilibrium quantity of pretzels will remain unchanged.

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Definitions:

Inactive Repressor

A protein that does not suppress gene expression, often because it has not been activated by a specific signal or molecule.

Precursor Product

A relationship in biochemical processes where a precursor molecule is transformed into a product through metabolic reactions.

Gene Expression

The process by which information from a gene is used to synthesize functional gene products, often proteins, which can affect the traits of an organism.

Bacteria

Microscopic, single-celled organisms found in virtually all environments on Earth, playing essential roles in processes such as decomposition and digestion.