Assume that pencils and pens are substitutes.If the price of pencils rises ceteris paribus,then we will see
A) An increase in the demand for pens.
B) A decrease in the demand for pens.
C) An increase in the supply of pens.
D) A decrease in the supply of pens.
Correct Answer:
Verified
Q32: Which of the following is a determinant
Q33: A change in the price of a
Q34: If there are only two airlines that
Q35: Ceteris paribus,which of the following would you
Q36: A change in demand means there has
Q38: Ceteris paribus,if buyers expect the price of
Q39: Market demand is determined by all of
Q40: Assume a series of forest fires reduces
Q41: Which of the following would not cause
Q42: Ceteris paribus,which of the following is most
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents