Saccharin and aspartame are both low-calorie substitutes for sugar. If saccharin is found to cause cancer,
a. the price of aspartame will increase.
b. the price of sugar will decrease.
c. the price of saccharin will increase.
d. the demand curves for aspartame and sugar will shift leftward.
e. aspartame and sugar will be complements.
A
You might also like to view...
Suppose most consumers who eat hotdogs also use mustard, a complementary good. If the price of hotdogs rises, which is most likely to happen?
A) The demand curve for mustard will shift right. B) The demand curve for hotdogs will shift right. C) The demand curve for mustard will shift left. D) The demand for hotdogs will fall.
Real demand for money is positively related to the level of real income in the economy
Indicate whether the statement is true or false
Generally there is an inverse relationship between the level of savings and the level of long-term economic growth
a. True b. False Indicate whether the statement is true or false
Suppose that Big-Cat and Fat-Cat are rival cat food brands, and the price of Fat-Cat is reduced. Following this price drop, is there a shortage or a surplus of Big-Cat at the old price of Big-Cat?
a. Neither, a price drop can not cause a shortage or surplus. b. Neither, equilibrium exists. c. Shortage. d. Surplus.