If the price of potato chips increases, other things constant, demand for potato-chip dip will
a. not change; only quantity demanded will change
b. increase because the goods are substitutes
c. decrease because the goods are substitutes
d. decrease because the goods are complements
e. increase because the goods are complements
D
Economics
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What is the relationship between the marginal revenue curve and the demand curve for a single-price monopolist?
What will be an ideal response?
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"Patent trolls:"
A. block firms from acquiring patents on intellectual property. B. buy up patents in order to collect royalties and sue other companies. C. legally challenge new patent applications in an effort to extract rents. D. promote innovation by keeping firms from having a stranglehold on intellectual property.
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