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

question 162

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 of hot fudge is likely to decrease.
• B)​increase, and the equilibrium price of hot fudge is likely to increase.
• C)​decrease, and the equilibrium price of hot fudge is likely to decrease.
• D)​decrease, and the equilibrium price of hot fudge is likely to increase.