If the price of ice cream increases substantially (ceteris paribus), the equilibrium quantity of hot fudge sauce, a complement, is likely to:
a. increase, and the equilibrium price of hot fudge is likely to decrease.
b. increase, and the equilibrium price of hot fudge is likely to increase.
c. decrease, and the equilibrium price of hot fudge is likely to decrease.
d. decrease, and the equilibrium price of hot fudge is likely to increase.
Question 2
To offset the effect of a steep fall in net exports on the economy, the government might:
a. increase government purchases.
b. decrease government purchases.
c. increase taxes.
d. none of the above.
Exercise increases the heart rate.
Othmer’s Equilibrium Still Schematic Diagram
Chemical equilibrium and the law of mass action.
What is the value of the equilibrium constant, K, at 25°C for the reaction?
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Polyploidy increases fruit size