If goods A and B are complements, and if the price of good B rises, how will this affect the market equilibrium for good A?
a. Price and quantity will both fall.
b. Price will rise and quantity will fall.
c. Price and quantity will both rise.
d. Price will fall and quantity will rise.
a
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Contrast the economic experience of the high-growth Asian economies with the experience in Latin America, especially with regard to the 1980s and in terms of weathering financial crises
What will be an ideal response?
If you were to start your own business, your implicit costs would include the:
A. opportunity cost of the time you spend working at the business. B. profit you earn over and above your normal profit. C. interest that you pay on your business loans. D. rent that you have paid in advance for the use of a building.
In an indefinitely repeated game, a firm might use a ________ to ________ a rival that defects from a cooperative strategy
A) trigger strategy; threaten B) trigger strategy; punish C) legal maneuver; sue D) tacit threat; dissuade
If the dollar appreciates against the peso it means that U.S. goods become more expensive in Mexico.
Answer the following statement true (T) or false (F)