Author Question: If a decrease in price of good X causes the demand curve for good Y to increase, then these two ... (Read 97 times)

cdr_15 · **on:** Jun 30, 2018

If a decrease in price of good X causes the demand curve for good Y to increase, then these two goods are:
a. normal goods.
b. complementary goods.
c. substitute goods.
d. equilibrium goods.
e. market-day goods.

Question 2

If the price of hot dogs increases, what will happen in the market for potato chips, a complementary good?
a. Demand will increase.
b. Quantity demanded will increase.
c. Demand will decrease.
d. Quantity demanded will decrease.
e. Supply will decrease.