Author Question: If an increase in the price of Good A causes a decrease in demand for Good B, Goods A and B are said ... (Read 82 times)

mcmcdaniel · **on:** Jun 30, 2018

If an increase in the price of Good A causes a decrease in demand for Good B, Goods A and B are said to be complements.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If you are living in a period of continued high inflation on a fixed income, the cost of the goods and services you buy ____ and your nominal income ____.
a. decreases, decreases
b. increases, increases
c. decreases, remains the same
d. increases, remains the same