If the Price of Tangerines Increases,the Price of Oranges Also

question 19

Multiple Choice

If the price of tangerines increases,the price of oranges also rises because

• A) consumers consider the two goods complements and so sellers decreased the supply of oranges.
• B) consumers consider the two goods substitutes and demand for oranges increases.
• C) if the supply of tangerines decreased, then the supply of oranges also must decrease.
• D) buyers must have expected a higher price for oranges and thus increased their demand for oranges.
• E) buyers' incomes must have decreased and oranges are an inferior good.

---

Definitions:

Factory Operating

Activities and processes involved in the daily running and management of a manufacturing facility.

Maximum Rate

The highest possible rate or level of something, which might refer to interest rates, production speeds, or capacity.

Joint Cost

Costs incurred in the process of producing two or more products simultaneously from the same input or process.

Split-Off Point

The split-off point is the stage in a manufacturing process where joint products can be recognized as separate products, each with its own identity.