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

Author Question: If a decrease in price of good X causes the demand curve for good Y to increase, then these two ... (Read 108 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
If a decrease in price of good X causes the demand curve for good Y to increase, then these two goods are:
 a. normal goods.
  b. complementary goods.
  c. substitute goods.
  d. equilibrium goods.
  e. market-day goods.

Question 2

If the price of hot dogs increases, what will happen in the market for potato chips, a complementary good?
 a. Demand will increase.
  b. Quantity demanded will increase.
  c. Demand will decrease.
  d. Quantity demanded will decrease.
  e. Supply will decrease.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ptupou85

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

b

Answer to Question 2

c




cdr_15

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
:D TYSM


jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

For a complete list of videos, visit our video library