Solved

A Firm Produces and Sells Two Goods,A and B

Question 39

Multiple Choice

A firm produces and sells two goods,A and B.Good A is known to have many close substitutes;good B makes up a significant portion of most families' budgets.A price increase for each good would most likely cause total revenues for good A to:


A) increase,and total revenues for good B to decrease.
B) increase,and total revenues for good B to increase.
C) decrease,and total revenues for good B to increase.
D) decrease,and total revenues for good B to decrease.

Correct Answer:

verifed

Verified

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

Related Questions