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Author Question: Suppose we observe that the demand for eggs increases when people buy more potatoes. We can conclude ... (Read 94 times)

abern

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on: Jun 29, 2018
Suppose we observe that the demand for eggs increases when people buy more potatoes. We can conclude that eggs and potatoes are
 
  A) inferior goods.
  B) normal goods.
  C) complements.
  D) substitutes.

Question 2

If both the demand curve and the supply curve shift to the right, we can unambiguously conclude that the
 
  A) market clearing price will increase.
  B) market clearing price will decrease.
  C) equilibrium quantity will increase.
  D) equilibrium quantity will decrease.


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akudia

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


abern

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  • Posts: 533
Reply 2 on: Jun 29, 2018
Wow, this really help

blakcmamba

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

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