In the presence of inflation in the U.S., accountants incorrectly measure firms' earnings but the tax code correctly measures real incomes

Regular and organic vegetables are substitutes. A rise in the price of organic vegetables, other things constant, would tend to

A) reduce the demand for regular vegetables. B) increase the demand for regular vegetables. C) have no effect on the demand for regular vegetables. D) have no effect on the quantity demanded of organic vegetables.

If the demand for a product increases and the supply of the product does not change, equilibrium price and equilibrium quantity will both increase

Indicate whether the statement is true or false