menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 3: Demand, Supply, and Market Equilibrium
  5. Question
    Demand for One Item Goes Down When the Price of Another
Solved

Demand for One Item Goes Down When the Price of Another

Question 302

Question 302

Multiple Choice

Demand for one item goes down when the price of another item goes down. These items must be


A) substitutes.
B) complements.
C) normal goods.
D) inferior goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q297: Refer to Scenario 3.2 below to answer

Q298: Michael Dell was the first individual who

Q299: If price is below the equilibrium, then

Q300: Refer to the information provided in

Q301: If improvements in technology have reduced the

Q303: DVDs and DVD players are complements. An

Q304: When the supply of bubble gum increases

Q305: Refer to Scenario 3.2 below to answer

Q306: If coffee and tea are substitutes, then

Q307: An electronics manufacturer can produce either MP3

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines