Multiple Choice
What would happen to the equilibrium price and quantity of apples if the wages of apple pickers rose and the price of peaches rose?
A) price will fall and the effect on quantity is ambiguous
B) price will rise and the effect on quantity is ambiguous
C) quantity will fall and the effect on price is ambiguous
D) quantity will rise and the effect on price is ambiguous
Correct Answer:
Verified
Correct Answer:
Verified
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