This topic contains a solution. Click here to go to the answer

Author Question: Ham and eggs are complements. If the price of ham rises, the demand for eggs will A) increase or ... (Read 235 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
Ham and eggs are complements. If the price of ham rises, the demand for eggs will
 
  A) increase or decrease but the demand curve for ham will not change.
  B) decrease and the demand curve for ham will shift rightward.
  C) not change but there will be a movement along the demand curve for eggs.
  D) decrease and the demand curve for eggs will shift leftward.

Question 2

Which is the most likely effect upon the market for cotton of a significant improvement in the quality of synthetic textiles?
 
  A) A decrease in demand and hence a decrease in both the price of cotton and the quantity exchanged.
  B) A decrease in demand and hence a decrease in the price of cotton and an increase in the quantity exchanged.
  C) A decrease in demand and hence an increase in the price of cotton and a decrease in the quantity exchanged.
  D) A decrease in both demand and supply and hence a decline in the quantity exchanged but no predictable change in the price of cotton.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Answer to Question 1

D

Answer to Question 2

A




burton19126

  • Member
  • Posts: 532
Reply 2 on: Jun 29, 2018
Excellent


matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

For a complete list of videos, visit our video library