This topic contains a solution. Click here to go to the answer

Author Question: Two goods are complements if a decrease in the price of one causes an increase in the demand for the ... (Read 92 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
Two goods are complements if a decrease in the price of one causes an increase in the demand for the other good.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In an open economy, as the price level increases, a(n) ____ in demand in the quantity of domestic goods results in a(n) ____ in the quantity of RGDP demanded.
 a. increase, decrease
  b. increase, increase
  c. decrease, decrease
  d. decrease, increase



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

True

Answer to Question 2

c




fbq8i

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
Excellent


Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

For a complete list of videos, visit our video library