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Author Question: Goods X and Y are complementary goods. A decrease in price of good X has occurred. In the market for ... (Read 101 times)

09madisonrousseau09

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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.


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verrinzo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


09madisonrousseau09

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Reply #2 on: Jun 29, 2018
Correct answers!


verrinzo

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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