Suppose chicken nuggets and fries are two complements usually consumed together. The price of chicken now rises because of a shortage. What happens in the market for nuggets? Select one: a. The equilibrium price rises, and the quantity rises. b. The equilibrium price and quantity bought fall. c. The price of nuggets rises, and the equilibrium quantity falls d. The price of nuggets falls a little and quantity sold rises.
Suppose chicken nuggets and fries are two complements usually consumed together. The price of chicken now rises because of a shortage. What happens in the market for nuggets? Select one: a. The equilibrium price rises, and the quantity rises. b. The equilibrium price and quantity bought fall. c. The price of nuggets rises, and the equilibrium quantity falls d. The price of nuggets falls a little and quantity sold rises.
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 1WNG
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Suppose chicken nuggets and fries are two complements usually consumed together. The price of chicken now rises because of a shortage. What happens in the market for nuggets?
Select one:
a. The equilibrium price rises, and the quantity rises.
b. The equilibrium price and quantity bought fall.
c. The price of nuggets rises, and the equilibrium quantity falls
d. The price of nuggets falls a little and quantity sold rises.
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