Kiwis and Strawberries Are Substitutes for Consumers

question 54

Multiple Choice

Kiwis and strawberries are substitutes for consumers.An increase in the price of a kiwi coupled with an increase in the number of strawberry growers ________ the equilibrium price of a pound of strawberries and ________ the equilibrium quantity of strawberries.

• A) raises; increases
• B) probably changes, but more information is needed to determine if it rises or falls; increases
• C) raises; probably changes, but more information is needed to determine if it increases or decreases
• D) lowers; probably changes, but more information is needed to determine if it increases or decreases
• E) lowers; increases

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Definitions:

Q&A

A format of discussion characterized by a sequential exchange of questions and answers.

Neutral Audience

A group of listeners or readers who have no preconceived opinions or judgments about the topic being presented.

Worried Audience

Refers to a group of people who are concerned or anxious about a certain issue, event, or presentation.

Confident Speaker

An individual who communicates with assurance, self-reliance, and without seeming nervous or hesitant.