This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Two goods, X and Y, are complementary goods if the demand for X: a. increases when the price of Y ... (Read 90 times)

maychende

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
Two goods, X and Y, are complementary goods if the demand for X:
 a. increases when the price of Y increases.
  b. increases when income increases.
  c. decreases when the price of Y increases.
  d. increases as the price of its substitute good increases.
  e. decreases as the price of its substitute good decreases.

Question 2

Assume that peanut butter and jelly are complementary goods. A decrease in the number of peanut butter suppliers will cause the:
 a. demand for peanut butter to increase.
  b. supply of peanut butter to increase.
  c. demand for jelly to increase.
  d. demand for jelly to decrease.
  e. supply of jelly to decrease.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


maychende

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
:D TYSM

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ... Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ...
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ... Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ...
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Enzyme structure - Properties of enzymes

For a complete list of videos, visit our video library