If a and B Are Substitutes and the Price of a Rises,we

question 21

Multiple Choice

If A and B are substitutes and the price of A rises,we will observe

• A)an increase in the equilibrium price and the equilibrium quantity of B.
• B)a decrease in the equilibrium price and the equilibrium quantity of B.
• C)an increase in the equilibrium price but a decrease in the equilibrium quantity of B.
• D)a decrease in equilibrium price but an increase in the equilibrium quantity of B.
• E)a decrease in the demand for A.

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Definitions:

Secondary Purpose

An additional aim or objective that supports or complements the primary goal of an activity or project.

Persuasive Messages

Communications designed to influence or convince the audience to adopt a certain viewpoint or take specific action.

Delaying of Action

Postponing a decision or activity to a later time, synonym to delays action but emphasizing the postponement aspect.

Reader Benefits

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