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Author Question: Consider cars and gasoline. Other things being equal, when the price of cars decreases, the demand ... (Read 87 times)

bubba123

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on: Oct 12, 2022

Question 1

Cars and gasoline are likely to be
◦ substitute goods.
◦ independent goods.
◦ inferior goods.
◦ complementary goods.
◦ luxury goods.

Question 2

Consider cars and gasoline. Other things being equal, when the price of cars decreases, the demand for gasoline is likely to
◦ decrease because the two goods are complements.
◦ remain unchanged because cars and gasoline are two distinct markets.
◦ remain unchanged because cars and gasoline are produced independently of one another.
◦ increase because the two goods are complements.
◦ remain unchanged.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by bubba123 on Oct 12, 2022

Afvelasquez

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bubba123

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

mohan

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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