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Author Question: Two goods are complements if a decrease in the price of one causes an increase in the demand for the ... (Read 37 times)

fbq8i

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on: Jun 30, 2018
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


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cdmart10

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


fbq8i

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  • Posts: 527
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

alexanderhamilton

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Reply 3 on: Yesterday
Gracias!

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