Multiple Choice
If the price of ice cream increases substantially (ceteris paribus) , the equilibrium quantity of hot fudge sauce, a complement, is likely to:
A) increase, and the equilibrium price of hot fudge is likely to decrease.
B) increase, and the equilibrium price of hot fudge is likely to increase.
C) decrease, and the equilibrium price of hot fudge is likely to decrease.
D) decrease, and the equilibrium price of hot fudge is likely to increase.
Correct Answer:

Verified
Correct Answer:
Verified
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