Multiple Choice
Rice and potatoes are substitutes in consumption. If the price of rice rises and there is a bumper crop of potatoes, in the market for potatoes one would expect the equilibrium price to _____ and the equilibrium quantity to _____.
A) rise, fall, or stay the same; rise
B) rise; fall
C) fall; fall
D) rise; fall, rise, or stay the same
Correct Answer:
Verified
Correct Answer:
Verified
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