If two goods are complementary, a(n):
a. decrease in the price of one product will cause a decrease in the demand for the other product.
b. decrease in the price of one product will cause an increase in the demand for the other product.
c. increase in the price of one product will cause an increase in the supply of the other product.
d. increase in the price of one product will cause a decrease in the supply of the other product.
e. increase in the price of one product will cause an increase in the demand for the other product.
b
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If a certain automotive part can be purchased in Mexico for 60 pesos or in the United States for $6.25 and if the nominal exchange rate is 8 pesos per U.S. dollar, then the automotive part:
A. is less expensive in Mexico. B. costs the same in Mexico and the United States. C. is more expensive in the United States. D. is less expensive in the United States.
Explain how a stock market crash has the potential to lead to a recession in an economy
What will be an ideal response?
Why do individuals demand health insurance? Does the health insurance provided through most employers more or less than people would get if purchased on their own? Why
What will be an ideal response?
A shortage of hospital beds will likely lead to
a. an increase in the supply of hospital beds. b. a decrease in the demand for hospital beds. c. an increase in the price of a hospital stay. d. a decrease in the price of a hospital stay. e. none of the above.