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 375 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?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Base Pairing in DNA Is Complementary Base Pairing in DNA Is Complementary
DNA consists of two complementary strands wound around each other to form DNA consists of two complementary strands wound around each other to form
The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ... The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ...
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
Two complementary angles are drawn such that one angle is 10 degree more than seven times the ... Two complementary angles are drawn such that one angle is 10 degree more than seven times the ...
Complementary base pairing of codons and anticodons Complementary base pairing of codons and anticodons
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library