Multiple Choice
If the demand for gadgets increases as a result of a decrease in the price of widgets, the widgets and gadgets are:
A) complementary goods.
B) substitute goods.
C) normal goods.
D) elastically demanded.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q99: Refer to the accompanying figure. An increase
Q100: The situation described in the book as
Q101: As the price of flour (an input
Q102: Refer to the given table. Relative
Q103: Suppose supply decreases, but there is no
Q105: A decrease in both the equilibrium price
Q106: A market equilibrium:<br>A)leaves unexploited opportunities for individuals.<br>B)maximizes
Q107: Refer to the given table.
Q108: The quantity that sellers wish to sell
Q109: It is likely that for most people:<br>A)coffee