If cookies and coffee are complements, what would happen to the equilibrium price and quantity of coffee if the price of cookies falls? _ Both the equilibrium price and quantity would increase. Both the equilibrium price and quantity would decrease. The equilibrium price would increase, and the equilibrium quantity would decrease. The equilibrium price would decrease, and the equilibrium quantity would increase. What could happen to the equilibrium price and quantity of peanut butter if peanut (an input for peanut butter) gets cheaper and jelly (a complement for peanut butter) gets more expensive? The equilibrium quantity would increase, but the effect on equilibrium price would be ambiguous. The equilibrium price would increase, but the effect on equilibrium quantity would be ambiguous. The equilibrium quantity would decrease, but the effect on equilibrium price would be ambiguous. The equilibrium price would decrease, but the effect on equilibrium quantity would be ambiguous. Prices of avocados have risen steadily in recent years. Over this same period, consumer incomes have risen and prices of fertilizers (an input for the production of avocados) have dropped. Which of the following explains the rising prices of avocados? The demand curve for avocados has shifted to the right more than the supply curve has shifted to the left. The supply curve for avocados has shifted to the right more than the demand curve has shifted to the left. The demand curve for avocados has shifted to the right more than the supply curve has shifted to the right. The supply curve for avocados has shifted to the right more than the demand curve has shifted to the right