apples) will fall rise be unaffected impossible to tell

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Chapter6: Supply, Demand, And Government Policies
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Please answer correct explain please both are questions please

 

 

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2. Ceteris paribus, if the wages of apple-orchard workers rise, the price of frozen pie crusts (a good that is complementary
to apples) will
a. fall
b. rise
c. be unaffected
d. impossible to tell
3. If the supply of oranges falls and there is in place government legislation prohibiting any change, up or down, in orange
prices, which of the following will be among the results (assuming that the price of oranges was at equilibrium before the
supply of oranges fell)?
neither a shortage nor a surplus of oranges
a surplus of oranges
a shortage of oranges
improved quality of oranges
Transcribed Image Text:2. Ceteris paribus, if the wages of apple-orchard workers rise, the price of frozen pie crusts (a good that is complementary to apples) will a. fall b. rise c. be unaffected d. impossible to tell 3. If the supply of oranges falls and there is in place government legislation prohibiting any change, up or down, in orange prices, which of the following will be among the results (assuming that the price of oranges was at equilibrium before the supply of oranges fell)? neither a shortage nor a surplus of oranges a surplus of oranges a shortage of oranges improved quality of oranges
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