Saccharin and aspartame are both low-calorie substitutes for sugar. If saccharin is found to cause cancer,
a. the price of aspartame will increase
b. the price of sugar will decrease
c. the price of saccharin will increase
d. the demand curves for aspartame and sugar will shift leftward
e. aspartame and sugar will be complements
Question 2
When a market is in equilibrium,
a. producers earn profits
b. the minimum possible price is achieved
c. there is no incentive for consumers or producers to change their current behavior
d. excess demand is less than excess supply
e. the maximum possible price is achieved
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