The above figure shows the market for pizza. The market is in equilibrium. Pizza and tacos are substitutes for consumers. The price of tacos falls. What point represents the most likely new price and quantity?
A. Point A
B. Point B
C. Point C
D. Point D
E. Point E
Ans: E. Point E
Explanation: Because the price of substitute good decreases means the demand for Pizza decreases and the demand curve shifts left, which decreases and quantity in equilibrium.
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