Multiple Choice
What is the effect of a decrease in the price of potato chips on the market for pretzels?
A) Both equilibrium price and equilibrium quantity rise.
B) Both equilibrium price and equilibrium quantity fall.
C) Equilibrium price rises and equilibrium quantity falls.
D) Equilibrium price falls and equilibrium quantity rises.
E) Equilibrium price and equilibrium quantity remain unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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