If the Price of Ice Cream Increases Substantially (Ceteris Paribus),the

question 92

Multiple Choice

If the price of ice cream increases substantially (ceteris paribus) ,the equilibrium quantity of hot fudge sauce,a complement,is likely to:

• A) increase, and the equilibrium price is likely to decrease.
• B) increase, and the equilibrium price is likely to increase.
• C) decrease, and the equilibrium price is likely to decrease.
• D) decrease, and the equilibrium price is likely to increase.

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Definitions:

Enol

A chemical species characterized by a carbon-carbon double bond adjacent to an alcohol group, often in equilibrium with its keto form.

Equilibrium

A state in which the rates of the forward and reverse reactions are equal, leading to no net change in the concentration of reactants and products over time.

Iodoform Test

A chemical test for the presence of methyl ketones or secondary alcohols that can be oxidized to methyl ketones, indicated by the formation of a yellow precipitate.

4-heptanone

A seven-carbon ketone with the ketone group positioned on the fourth carbon of the chain, often used as a solvent or in organic synthesis.