If A and B are complements, an increase in the price of good A would:

A. lead to a decrease in demand for B.
B. lead to an increase in demand for B.
C. have no effect on the quantity demanded of B.
D. none of the statements associated with this question are correct.


Answer: A

Economics

You might also like to view...

Which of the following is an example of an economic investment?

A. Purchasing shares of a mutual fund B. Putting money in a bank CD C. Buying a corporate bond or stock D. Building a new bank office

Economics

Of the following market structures, which is the least competitive?

A) perfect competition B) monopolistic competition C) monopoly D) oligopoly

Economics

In the United States in 2014, the percentage of people that directly purchased an individual or family health insurance policy from an insurance company was about

A) 2%. B) 15%. C) 17%. D) 26%.

Economics

Which of the following is an appropriate discretionary fiscal policy if equilibrium real GDP falls below potential real GDP?

A) an increase in the supply of money B) an increase in individual income taxes C) a decrease in transfer payments D) an increase in government purchases

Economics