For substitutes, cross price elasticity of demand is:

Ceteris paribus, if consumer tastes change so that more people are eating broccoli, then what will happen to the market equilibrium for cabbage, a substitute good for broccoli?

A. Price will increase, and quantity will increase. B. Price will decrease, and quantity will decrease. C. Price will decrease, and quantity will increase. D. Price will increase, and quantity will decrease.

The term externalities refers to

A. The impact on markets of imported goods. B. Black-market economic activity. C. The inequitable distribution of income. D. The costs or benefits of a market activity borne by a third party.