Multiple Choice
Wilson's Heating and Air Conditioning Company specializes in electric heat pumps. The owner should keep track of the price of natural gas, knowing that
A) natural gas creates more environmental greenhouse effects than coal.
B) an increase in the price of natural gas will increase demand for his electrical heating systems.
C) gas heating systems and electrical heating systems are complementary goods.
D) when the price of natural gas goes up, the quantity demanded also rises.
E) the demand for natural gas is price elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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