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Author Question: If goods A and B are complements, and if the price of good B rises, how will this affect the market ... (Read 68 times)

BRWH

  • Hero Member
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  • Posts: 553
on: Jun 30, 2018
If goods A and B are complements, and if the price of good B rises, how will this affect the market equilibrium for good A?
 a. Price will rise and quantity will fall.
  b. Price will fall and quantity will rise.
  c. Price and quantity will both rise.
  d. Price and quantity will both fall.

Question 2

If the cost of producing a good rises for sellers, then how will this affect the market equilibrium for that good?
 a. Price will rise and quantity will fall.
  b. Price will fall and quantity will rise.
  c. Price and quantity will both rise.
 d. Price and quantity will both fall.


sultana.d

  • Sr. Member
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  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


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