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

question 141

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 falls?

• 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:

Inherited Fat Cells

Fat cells whose quantity and distribution may be influenced by genetics passed down from parents to offspring.

Environment

The sum of all external conditions and influences affecting the life and development of an organism or population.

Sedentary Activity

Activities that involve little to no movement, often associated with sitting or lying down, and requiring low energy expenditure.

Unhealthy Foods

Foods that are high in saturated fats, sugars, and salts, and low in essential nutrients, contributing to poor health.