If tastes for a good decreased and the price of a substitute good decreased at the same time, as a result:
A)prices would rise.
B)prices would fall.
C)larger quantities to be exchanged.
D)we would not know which direction either prices or quantities exchanged would be altered without more information.

Question

If tastes for a good decreased and the price of a substitute good decreased at the same time, as a result:
A)​prices would rise.
B)​prices would fall.
C)​larger quantities to be exchanged.
D)​we would not know which direction either prices or quantities exchanged would be altered without more information.

Quizplus · Accepted Answer

The Answer of If tastes for a good decreased and the price of a substitute good decreased at the same time, as a result:
A)​prices would rise.
B)​prices would fall.
C)​larger quantities to be exchanged.
D)​we would not know which direction either prices or quantities exchanged would be altered without more information.

If Tastes for a Good Decreased and the Price of a Substitute