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Economics
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If the price of a good increases then, then

a. the demand for complementary goods will increase.

b. the demand for the good will increase.

c. the demand for substitute goods will increase.

d. the demand for the good will decrease.

 

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Kritika Krishnakumar
Kritika KrishnakumarLv10
10 Nov 2020

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Related questions

In the market for compound bows, which of the following will increase demand?

Choose one or more:

A. If compound bows are inferior goods, income increases.

B. If quivers are a complementary good for compound bows, the price of quivers increases

C. If quivers are a complementary good for compound bows, the price of quivers decreases

D. If crossbows are substitute goods for compound bows, the price of crossbows increases.

E. If compound bows are normal goods, income increases.

 

 

Good x and good y are substitutes. If the price of good y increases, then the....

a) demand for good X will decrease

b) quantity demanded of good X will decrease

c) demand for good X will increase

d) quantity demanded of good X will increase

Which of the following will cause the demand curve for a good to shift to the right?

a. Increase in the price of a complementary good.

b. Decrease in the price of the good.

c. Increase in the price of a substitute good.

d. Expectation of a future price decline.

 

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