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Author Question: If an increase in the price of Good A causes a decrease in demand for Good B, Goods A and B are said ... (Read 120 times)

mcmcdaniel

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on: Jun 30, 2018
If an increase in the price of Good A causes a decrease in demand for Good B, Goods A and B are said to be complements.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If you are living in a period of continued high inflation on a fixed income, the cost of the goods and services you buy ____ and your nominal income ____.
 a. decreases, decreases
 b. increases, increases
 c. decreases, remains the same
  d. increases, remains the same


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fur

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

True

Answer to Question 2

d


mcmcdaniel

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

adf223

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Reply 3 on: Yesterday
Wow, this really help

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