Solved

Bananas and Apples Are Substitutes

Question 150

Multiple Choice

Bananas and apples are substitutes.When the price of bananas falls,the equilibrium quantity of apples will ________ and the equilibrium price of apples will ________.


A) rise; rise
B) rise; fall
C) fall; rise
D) fall; fall

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q145: Define a "normal good" as it relates

Q146: Suppose that the current price in a

Q147: If the price of hotdogs is expected

Q148: Suppose that ramen noodles are an inferior

Q149: Recall the Application about the policies used

Q151: Draw a graph to illustrate the effect

Q152: Which of the following can increase the

Q153: Recall the Application about the harmattan and

Q154: As consumers prefer smaller and more fuel-efficient

Q155: Suppose that the price of apples decreases