If the price of ice cream increases substantially (ceteris paribus), the equilibrium quantity of hot fudge sauce, a complement, is likely to:
a. increase, and the equilibrium price of hot fudge is likely to decrease.
b. increase, and the equilibrium price of hot fudge is likely to increase.
c. decrease, and the equilibrium price of hot fudge is likely to decrease.
d. decrease, and the equilibrium price of hot fudge is likely to increase.
Question 2
To offset the effect of a steep fall in net exports on the economy, the government might:
a. increase government purchases.
b. decrease government purchases.
c. increase taxes.
d. none of the above.
Atmospheric pressure decreases as altitude increases.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Kinesthesis and Equilibrium
Kinesthesis and Equilibrium with skating
Write equilibrium constant expressions for the following reactions in terms of concentration:
Application of the Hardy–Weinberg equilibrium