If apples and pears are substitutes in consumption, then a disease that affects apple trees will most likely _____ A. increase the price of apples and reduce the price of pears. B. reduce the price of both apples and pears. C. reduce the price of apples and increase the price of pears. D. increase the price of both apples and pears.
If apples and pears are substitutes in consumption, then a disease that affects apple trees will most likely _____ A. increase the price of apples and reduce the price of pears. B. reduce the price of both apples and pears. C. reduce the price of apples and increase the price of pears. D. increase the price of both apples and pears.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
If apples and pears are substitutes in consumption, then a disease that affects apple trees will most likely _____
-
A. increase the
price of apples and reduce the price of pears. -
B. reduce the price of both apples and pears.
-
C. reduce the price of apples and increase the price of pears.
-
D. increase the price of both apples and pears.
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