When a rise in the price of one item results in a decrease in the demand for another good, then the two goods are
A) substitute goods.
B) complementary goods.
C) inferior goods.
D) satisfying the law of supply.
B
Economics
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By threatening to lockout the workers, the firm has
a. Eliminated half of the strategies b. Forced the union to choose the best response in the firm's best interest c. Made it in the union's best interest to not strike d. All of the above
Economics
Net worth is
A) a measure of a firm's profits. B) unrelated to stockholders' equity. C) the difference between a firm's assets and liabilities. D) listed on the asset side of a firm's balance sheet.
Economics