The Price of Apples Falls

question 124

Multiple Choice

The price of apples falls.What happens in the market for apple pies?

• A) The equilibrium price falls, and the equilibrium quantity rises.
• B) The equilibrium price rises, and the equilibrium quantity falls.
• C) The equilibrium price and quantity rise.
• D) The equilibrium price and quantity fall.

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Definitions:

Smokers

Individuals who inhale the smoke from burning tobacco products, such as cigarettes.

Stop

To cease movement or come to a halt.

Percentage

A mathematical term denoting a fraction or portion of a whole expressed as a number out of 100.

Meth Labs

Illicit setups or places for the production of methamphetamine, a powerful, highly addictive stimulant drug.