« previous next »

Author Question: If goods A and B are complements, and if the price of good B rises, how will this affect the market ... (Read 14 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
on: Jun 30, 2018
If goods A and B are complements, and if the price of good B rises, how will this affect the market equilibrium for good A?
 a. Price will rise and quantity will fall.
  b. Price will fall and quantity will rise.
  c. Price and quantity will both rise.
  d. Price and quantity will both fall.

Question 2

If the cost of producing a good rises for sellers, then how will this affect the market equilibrium for that good?
 a. Price will rise and quantity will fall.
  b. Price will fall and quantity will rise.
  c. Price and quantity will both rise.
 d. Price and quantity will both fall.


sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Are good deeds selfish? Are good deeds selfish?
The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ... The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ...
Gestalt Law of Good Continuation Gestalt Law of Good Continuation
Good alignment for sitting posture. Good alignment for sitting posture.
Good hand and body mechanics when applying thumb pressure to the back. Good hand and body mechanics when applying thumb pressure to the back.
Factors That Affect BP Factors That Affect BP
Video: Ionic bonds - role of ions in the body

For a complete list of videos, visit our video library