Which of the Following Would Cause Both the Equilibrium Price

question 158

Multiple Choice

Which of the following would cause both the equilibrium price and equilibrium quantity of cookies to decrease?  

• A) a rise in the price of milk (a complement) 
• B) a rise in the price of cookie dough 
• C) a drop in the price of cookie dough 
• D) a rise in the price of crackers (a substitute)

---

Definitions:

Vague And Subjective

Describes statements or concepts that are unclear, poorly defined, and open to wide interpretation based on personal opinions or feelings rather than concrete facts.

Jerome Frank

An American psychiatrist known for his work in psychotherapy, particularly in the therapeutic components of expectation and hope in the healing process.

Therapy

Therapy is a treatment intended to relieve or heal a disorder, often involving psychological techniques.

Essential Features

The core characteristics or attributes that define or distinguish a concept, phenomenon, or entity from others.