Multiple Choice
If the price of apples falls and apples and oranges are substitutes, we would expect:
A) The quantity of apples demanded to increase and the demand for oranges to increase.
B) The quantity of oranges demanded to decrease and the demand for apples to increase.
C) The quantity of apples demanded to increase and the demand for oranges to decrease.
D) The quantity of oranges demanded to decrease and the demand for apples to decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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