Multiple Choice
Which of the following would cause both the equilibrium price and equilibrium quantity of cookies to decrease?
A) a rise in the price of milk (a complement)
B) a rise in consumer incomes
C) a rise in the price of cookie dough
D) a drop in the price of cookie dough
E) a rise in the price of crackers (a substitute)
Correct Answer:
Verified
Correct Answer:
Verified
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