What Is the Effect of a Decrease in the Price

question 203

Multiple Choice

What is the effect of a decrease in the price of potato chips on the market for pretzels?  

• A) Both equilibrium price and equilibrium quantity rise. 
• B) Both equilibrium price and equilibrium quantity fall. 
• C) Equilibrium price rises and equilibrium quantity falls. 
• D) Equilibrium price falls and equilibrium quantity rises.

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Definitions:

Pain Receptors

Pain receptors, or nociceptors, are sensory neurons that respond to damaging or potentially damaging stimuli by sending signals to the brain, which interprets them as pain.

Spinal Cord

The long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, and is responsible for transmitting neural signals between the brain and the rest of the body.

Brainstem

The lower extension of the brain where it connects to the spinal cord, involved in regulating vital functions such as heart rate, breathing, and sleep cycles.