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aquamarinezebra140Lv1

11 Dec 2019

If the demand curve for product B shifts to the right as the price of product A declines, then

a. Both A and B are complementary goods

b. Both A and B are inferior goods

c. Both A and B are substitutes

d. A is a superior-good but B is an inferior good.

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Sonia DhawanLv10

1 Sep 2020

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Related questions

A positive income elasticity of demand coefficient indicates that

a. a product is an inferior good

b. two products are substitute goods

c. two products are complementary goods

d. a product is a normal good

ceruleanleopard847

Choose the correct option for the below :

Assume the demand curve for product X shifts to the right. This might be caused by:

a. a change in consumer tastes that is unfavorable to X.

b. an increase in the price of Y and X Y are complementary goods.

c. a decline in income if X is an inferior good.

d. a decline in the price of Z if X and Z substitute goods.

An increase in the price of good causes a decline in demand for:

a. Normal goods.

b. Its complements

c. Inferior goods

d. Its substitutes.

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