An increase in the price of cameras results in a decrease in the demand for film. The two products are
a. complements.
b. unrelated.
c. defective
d. substitutes
Ans: a. complements.
You might also like to view...
When the demand for electricity peaks during the hottest days of summer, Florida Power and Light Company can generate more electricity by using more fuel and increasing the working hours of many of its employees
The company cannot, however, increase electric power production by building additional generating capacity. This means that the company is in the A) market run. B) short run. C) intermediate run. D) long run.
When voluntary exchange takes place, neither party gains from the exchange
Indicate whether the statement is true or false
An economic variable that moves in the same direction as aggregate economic activity (up in expansions, down in contractions) is called
A) procyclical. B) countercyclical. C) acyclical. D) a leading variable.
The expenditure multiplier only considers the impact of consumption changes on aggregate expenditures
a. True b. False Indicate whether the statement is true or false