A popular dinner among college students today is sushi, green tea, and wasabi dip so these foods are complements. If the price of green tea increases and the price of wasabi dip increases, what would be the effect on demand for sushi at lunch?
A) The demand for sushi would decrease.
B) The demand for sushi would increase.
C) The demand for sushi would be unaffected, but the price would increase.
D) The demand for sushi would be unaffected, but the price would decrease.
E) The demand for sushi could increase or decrease.
A
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When a firm sells a given product at more than one price and the price difference is NOT caused by differences in cost then there is
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b. above the equilibrium price. c. below the equilibrium price. d. either above or below the equilibrium price.