Author Question: Suppose we observe that the demand for eggs increases when people buy more potatoes. We can conclude ... (Read 60 times)

abern · **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.