Goods X and Y are complementary goods. An increase in the price of good X has occurred. In the market for good Y this will lead to
A) an increase in price and a decrease in quantity.
B) an increase in price and an increase in quantity.
C) a decrease in price and a decrease in quantity.
D) a decrease in price and an increase in quantity.
C
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If government saving is negative, then
A) G > T. B) Y + TR < C - T. C) T - TR < G. D) T > TR.
Recent research in growth theory extends the traditional analysis by making the rates of
a. technological change and/or population growth exogenous. b. technological change exogenous and population growth endogenous. c. population growth and/or technological change endogenous. d. population growth exogenous and technological change endogenous.
Economists usually have to make do with whatever data the world happens to give them
a. True b. False Indicate whether the statement is true or false
A decrease in population can be expected to
a. increase the marginal product of land. b. decrease the supply of land. c. decrease the rents on land. d. increase the demand for land.