If an Increase in the Price of Cookies Leads to a Decrease

question 60

Multiple Choice

If an increase in the price of cookies leads to a decrease in the demand for ice cream,then ice cream and cookies must be

• A)Substitutes
• B)Complements
• C)Normal goods
• D)Inferior goods
• E)Standardized products

---

Definitions:

Gardenburgers

A brand of meatless burgers made primarily from vegetables and grains.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell at various prices.

Quantity Supplied

The total amount of a good or service that producers are willing to sell at a given price over a specified period.

Supply Curve

A graphical representation that shows the relationship between the price of a good and the quantity of that good that suppliers are willing to sell.