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.

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Definitions:

Type I Error

The incorrect rejection of a true null hypothesis, also known as a "false positive."

Type II Error

The error that occurs when a statistical test fails to reject a false null hypothesis (a "false negative").

Innocent Person

An individual who has not committed the crime or offense they are being accused of.

Acquitted

Declared not guilty of a criminal charge in a court of law.