Please answer correct explain please both are questions please Don't answer by pen paper plz. 2. Ceteris paribus, if the wages of apple-orchard workers rise, the price of frozen pie crusts (a good that is complementaryto apples) willa. fallb. risec. be unaffectedd. impossible to tell3. If the supply of oranges falls and there is in place government legislation prohibiting any change, up or down, in orangeprices, which of the following will be among the results (assuming that the price of oranges was at equilibrium before thesupply of oranges fell)?neither a shortage nor a surplus of orangesa surplus of orangesa shortage of orangesimproved quality of oranges

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Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 21P

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Question

Please answer correct explain please both are questions please

Don't answer by pen paper plz.

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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