Author Question: If goods A and B are complements, and if the price of good B rises, how will this affect the market ... (Read 66 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
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
Answer to Question 1

d

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

For a complete list of videos, visit our video library