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

Author Question: Demand for a good will always rise when: a. the price of a complementary good falls. b. the price ... (Read 147 times)

809779

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Demand for a good will always rise when:
 a. the price of a complementary good falls.
  b. the price of a substitute good falls.
  c. tastes change.
  d. incomes decrease.
  e. the price of the good falls.

Question 2

Assume that crackers and soup are complementary goods. The effect on the soup market of an increase in the price of crackers (other things being equal) would best be described as a(n):
 a. decrease in the quantity of soup demanded.
  b. decrease in the demand for soup.
  c. increase in the quantity of soup demanded.
  d. increase in the demand for soup.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


809779

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
:D TYSM

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Possible symbiotic or endosymbiotic relationships that gave rise to the first eukaryotic cells Possible symbiotic or endosymbiotic relationships that gave rise to the first eukaryotic cells
Risk for falls Risk for falls
Good alignment for sitting posture. Good alignment for sitting posture.
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Introduction to Insulin

For a complete list of videos, visit our video library