Multiple Choice
The price of good A goes up. As a result, the demand for good B shifts to the left. From this we can infer that:
A) good A is used to produce good B.
B) good B is used to produce good A.
C) goods A and B are substitutes.
D) goods A and B are complements.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q37: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 2.6.2 -Refer
Q38: Suppose that the short-run world demand and
Q39: Which of the following would shift the
Q40: By 2020, automobile market analysts expect that
Q41: In the long run, new firms can
Q43: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 2.5.6 -Refer
Q44: A simple linear demand function may be
Q45: Coffee and cream:<br>A) are both luxury goods.<br>B)
Q46: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 2.3.3 -Refer
Q47: We observe that both the price of