35) When two goods are substitutes, a shock that raises the price of one good causes the price of the other good to A) remain unchanged. B) decrease. C) increase. D) change in an unpredictable manner. 36) The supply and demand for wheat is given by Qs = 200 p is the price of wheat and A is the amount of rainfall (inches per year). The effect of an jneremental increase in rainfall on equilibrium will be A) a decrease the price of wheat by 10e. B) a decrease the price of wheat by 20e. C) an increase in the price of wheat by 20¢. D) an increase in the price of wheat by 10¢. .24+ p and OpD = 500 - p, where 37) The ehon
35) When two goods are substitutes, a shock that raises the price of one good causes the price of the other good to A) remain unchanged. B) decrease. C) increase. D) change in an unpredictable manner. 36) The supply and demand for wheat is given by Qs = 200 p is the price of wheat and A is the amount of rainfall (inches per year). The effect of an jneremental increase in rainfall on equilibrium will be A) a decrease the price of wheat by 10e. B) a decrease the price of wheat by 20e. C) an increase in the price of wheat by 20¢. D) an increase in the price of wheat by 10¢. .24+ p and OpD = 500 - p, where 37) The ehon
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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