If Consumers View Cappuccinos and Lattés as Substitutes,what Would Happen

question 44

Multiple Choice

If consumers view cappuccinos and lattés as substitutes,what would happen to the equilibrium price and quantity of lattés if the price of cappuccinos rises?

• A)Both the equilibrium price and quantity would increase.
• B)Both the equilibrium price and quantity would decrease.
• C)The equilibrium price would increase,and the equilibrium quantity would decrease.
• D)The equilibrium price would decrease,and the equilibrium quantity would increase.

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Definitions:

Boys

Male children and adolescents up to the age of 18 years, typically characterized by their biological and gender-specific developmental stages.

Girls

Female children and adolescents up to the brink of adulthood.

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Cognitive-behavioral Therapy

A form of psychological treatment that helps patients understand the thoughts and feelings that influence behaviors.