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Author Question: If a decrease in price of good X causes the demand curve for good Y to increase, then these two ... (Read 100 times)

cdr_15

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on: Jun 30, 2018
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.


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Ptupou85

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


cdr_15

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Reply 2 on: Jun 30, 2018
Wow, this really help

aliotak

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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