An increase in _____ will have an ambiguous (uncertain) effect on price.

A) tastes and preferences
B) the price of a substitute
C) the price of a complement
D) income

Ambiguous Effect

An ambiguous effect refers to an outcome or result that is unclear or can have multiple interpretations, often leading to uncertain impacts in economic analyses.

Substitute

An alternative product or service that can replace another in satisfying consumer needs or wants.

Complement

A good or service that is used together with another good or service, often enhancing the value or utility of the primary good.