This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assuming gasoline and oil to be complementary goods, the effect on the oil market of an increase in ... (Read 76 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
on: Jun 30, 2018
Assuming gasoline and oil to be complementary goods, the effect on the oil market of an increase in the price of gasoline (other things being equal) would best be described as a(n):
 a. increase in the demand for oil. b. decrease in the demand for oil.
  c. increase in the quantity of oil demanded. d. increase in the quantity of oil demanded.

Question 2

Assume that eggnog and cookies are complements. If the price of eggnog goes up, what happens to the demand for cookies?
 a. Demand for cookies increases.
  b. Demand for cookies decreases.
  c. Demand for cookies remains unchanged.
  d. The shift in demand will depend on the original price of cookies.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janeli

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


OSWALD

  • Member
  • Posts: 580
Reply 2 on: Jun 30, 2018
Gracias!

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Energy flows in a typical gasoline-powered car Energy flows in a typical gasoline-powered car
China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
Will the sun rise tomorrow? Are you sure? “Cause and effect” vs. sense experience. Will the sun rise tomorrow? Are you sure? “Cause and effect” vs. sense experience.
Chilling Effect of a Cold Current Chilling Effect of a Cold Current
The First-Pass Effect The First-Pass Effect
The effect of frameshift mutations on a DNA sequence repeating the triplet sequence GAG The effect of frameshift mutations on a DNA sequence repeating the triplet sequence GAG
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library