Multiple Choice
After a fall in the price of songs downloaded from the Internet,Phil purchases fewer CDs and buys a new MP₃ player.For Phil,
A) MP₃ players and CDs are complements.
B) CDs,downloaded music and MP₃ players are all substitutes.
C) CDs and downloaded songs are substitutes;downloaded songs and MP₃ players are complements.
D) MP₃ players,CDs and CD players all are complements.
Correct Answer:

Verified
Correct Answer:
Verified
Q113: We observe that people buy less steak
Q114: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 3-2
Q115: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-3
Q116: The cause-and-effect relationship between quantity supplied and
Q117: An expected increase in the price of
Q119: Suppose that the price of corn was
Q120: In economic terminology,a normal good is a
Q121: Figure 3-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 3-5
Q122: If X and Y are substitute goods,then
Q123: Which of the following will NOT affect