This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Goods X and Y are complementary goods. A decrease in price of good X has occurred. In the market for ... (Read 66 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
Goods X and Y are complementary goods. A decrease in price of good X has occurred. In the market for good Y, this will lead to
 
  A) an increase in price and a decrease in quantity.
  B) an increase in price and an increase in quantity.
  C) a decrease in price and a decrease in quantity.
  D) a decrease in price and an increase in quantity.

Question 2

An externality exists when
 
  A) goods are sold in specific geographic locations.
  B) some of the benefits or costs associated with a good are borne by third parties.
  C) the government taxes a good.
  D) the government subsidizes a good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
Reply #2 on: Jun 29, 2018
Correct answers!


verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

An example showing a modification that has occurred as a result of biological evolution An example showing a modification that has occurred as a result of biological evolution
Complementary and Alternative Treatments for Anxiety and Insomnia Complementary and Alternative Treatments for Anxiety and Insomnia
Complementary and Alternative Therapy Use Among Adults and Children Complementary and Alternative Therapy Use Among Adults and Children
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library