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
Q167: The market for chewing gum is competitive
Q168: For a given supply curve, an increase
Q169: An increase in demand for chocolate chips
Q170: A decrease in supply will cause a(n)
A)increase
Q171: Velcro is becoming more and more popular
Q173: Exhibit 4-4 Q174: Suppose that the price of compact disks Q175: A decrease in demand will cause a(n) Q176: Attempts are being made to develop a Q177: Exhibit 4-4 
A)increase
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