Ceteris Paribus, If Consumer Tastes Change So That More People

question 82

Multiple Choice

Ceteris paribus, if consumer tastes change so that more people are eating broccoli, then what will happen to the market equilibrium for cabbage, a substitute good for broccoli?

• A) Price will increase, and quantity will increase.
• B) Price and quantity will stay the same.
• C) Price will decrease, and quantity will increase.
• D) Price will increase, and quantity will decrease.
• E) Price will decrease, and quantity will decrease.

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Definitions:

Low Role Ambiguity

A situation in which job roles and responsibilities are clearly defined, leading to less confusion and higher productivity among employees.

Accountability

The obligation to explain, justify, and take responsibility for one's actions, ensuring transparency and trustworthiness.

Existence

The state or fact of living or being present.

Relatedness

A sense of connection or belonging to others, often considered a fundamental human need influencing motivation and mental health.