Multiple Choice
Goods X and Y are complementary goods. An increase in the price of good X has occurred. In the market for good Y this will lead to
A) an increase in price and a decrease in quantity.
B) an increase in price and an increase in quantity.
C) a decrease in price and a decrease in quantity.
D) a decrease in price and an increase in quantity.
Correct Answer:
Verified
Correct Answer:
Verified
Q25: Which of the following is one of
Q26: The price system<br>A)is the voluntary exchange system
Q33: Assume that the market clearing price for
Q58: Describe the market process that should occur
Q81: If both buyers and sellers expect the
Q119: What is the result of an agricultural
Q123: Economists assume that when there is a
Q144: The price system features<br>A) exchanges made in
Q339: The difference between the total amount that
Q364: Which of the following is an example