Multiple Choice
Related to the Economics in Practice on p. 67: Consumption of quinoa has been on the rise. Many people put quinoa in their yogurt, which would make yogurt and quinoa ________, and therefore a decrease in the price of yogurt should ________ the demand for quinoa, ceteris paribus.
A) substitutes; increase
B) substitutes; decrease
C) complements; increase
D) complements; decrease
Correct Answer:
Verified
Correct Answer:
Verified
Q58: Refer to the information provided in Figure
Q59: A change in the price of a
Q60: A movement along the demand curve to
Q61: Demand for one item goes down when
Q62: If demand is represented as Q<sub>d</sub> =
Q64: Related to the Economics in Practice on
Q65: Organizations that transform resources into products are
Q66: If demand is represented as Q<sub>d</sub> =
Q67: Refer to the information provided in
Q68: Refer to Scenario 3.1 below to answer