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:

Internet Connectivity

The state or quality of being connected to the internet, allowing for the access and exchange of data.

Hyper-V

A virtualization technology developed by Microsoft that allows users to create and manage virtual machines on a Windows-based system.

Virtualize

The process of creating a virtual (rather than actual) version of something, including but not limited to virtual computer hardware platforms, storage devices, and network resources.

Power Supply

A hardware component that supplies electric power to an electrical device by converting electric current from a source to the correct voltage, current, and frequency.