An increase in the price of product B leads to an increase in the demand for product C. This indicates that products B and C are:
A. Complementary goods
B. Substitute goods
C. Inferior goods
D. Normal goods
Answer: B
Economics
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Explain the difference between the following two expressions: Y = C(Yd) + I + G + CA(EP /P, Yd) and Y = C + I +G + CA
What will be an ideal response?
Economics
A person is betting a coin will come up heads or tails. The coin always lands on one of these two outcomes. This person can bet to
A) eliminate only the systematic risk. B) eliminate only the random risk. C) eliminate all risk. D) All of the above.
Economics