Solved

Bagels and Cream Cheese Are Complementary Goods

Question 153

Multiple Choice

Bagels and cream cheese are complementary goods.Suppose that the price for flour,which is used to produce bagels,increases.The equilibrium price of cream cheese ________,and the equilibrium quantity of cream cheese ________.


A) rises; decreases
B) rises; increases
C) falls; decreases
D) does not change; does not change
E) falls; increases

Correct Answer:

verifed

Verified

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

Related Questions