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Author Question: Demand for a good will always rise when: a. the price of a complementary good falls. b. the price ... (Read 163 times)

809779

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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.


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johnpizzaz

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


809779

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  • Posts: 579
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

aliotak

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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