Multiple Choice
Two goods are complements if:
A) people tend to consume either one or the other.
B) there are no substitutes for either of them.
C) an increase in the price of one good leads to a decrease in demand for the other.
D) an increase in the price of one good leads to an increase in demand for the other.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: When the current price of a good
Q12: A market equilibrium might not maximize total
Q13: Refer to the accompanying figure. Assume the
Q14: Which of the following would cause an
Q15: Refer to the accompanying figure. Moving from
Q17: An increase in both the equilibrium price
Q18: Assume both the demand for beef and
Q19: If there is an excess supply of
Q20: Refer to the figure below. There would
Q21: If an increase in income leads to