If the price of ice cream increases substantially (ceteris paribus), the equilibrium quantity of hot fudge sauce, a complement, is likely to:
a. increase, and the equilibrium price of hot fudge is likely to decrease.
b. increase, and the equilibrium price of hot fudge is likely to increase.
c. decrease, and the equilibrium price of hot fudge is likely to decrease.
d. decrease, and the equilibrium price of hot fudge is likely to increase.
Question 2
To offset the effect of a steep fall in net exports on the economy, the government might:
a. increase government purchases.
b. decrease government purchases.
c. increase taxes.
d. none of the above.
Vaginal drug administration: (b) using an applicator to instill a vaginal cream
Mango with whipped cream
Real Price of Oil, 1861–2010
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Identify the variable representing each described quantity in the equation
The price of rice in a small country is currently $6 per pound. In order to help low-income ...