Multiple Choice
If the price of chocolate-covered peanuts increases and the demand for strawberry-flavored soft drinks decreases, this indicates that these two goods are:
A) unrelated goods.
B) complementary goods.
C) inferior goods.
D) substitute goods.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q10: If the income elasticity of demand for
Q44: When the price of chocolate-covered peanuts decreases
Q71: Suppose the price of gasoline increases 10%
Q118: The income elasticity of demand for eggs
Q154: The price elasticity of demand for skiing
Q155: For a good to be considered normal,
Q157: Suppose the cross-price elasticity between demand for
Q162: Assume the price elasticity of demand for
Q212: When a public transit system (such as
Q215: The income elasticity of demand for peaches