If we consider two spices, cumin and paprika, to be substitutes, a drop in the supply of paprika, will probably cause an increase in the price of:
A)both
B)neither
C)cumin
D)paprika

Question

Quizplus · Accepted Answer

When two goods are substitutes, a decrease in the supply of one (paprika) will increase its price and also increase demand (and price) for the substitute (cumin), as consumers switch to the alternative.

If We Consider Two Spices, Cumin and Paprika, to Be