Which of the Following Is the Effect of a Decrease

question 181

Multiple Choice

Which of the following is the effect of a decrease in the price of potato chips on the market for pretzels, a substitute good, that is initially in equilibrium?

• A) Both the equilibrium price and equilibrium quantity of pretzels will increase.
• B) Both the equilibrium price and equilibrium quantity of pretzels will fall.
• C) The equilibrium price of pretzels will increase, and the equilibrium quantity of pretzels will fall.
• D) The equilibrium price of pretzels will fall, and the equilibrium quantity of pretzels will increase.
• E) The equilibrium price and equilibrium quantity of pretzels will remain unchanged.

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Definitions:

Human Papilloma Virus (HPV)

A common sexually transmitted infection known to cause genital warts and is associated with cervical cancer.

Abstinence

The act of refraining from indulging in a certain behavior or substance, often used in the context of substances like alcohol and sex.

Vaccines

Biological preparations that provide immunity to specific diseases.

Immune System

The body's defense mechanism against pathogens, comprising various cells, tissues, and organs that work together to protect the body from diseases.