Bread and butter are complements. A decrease in the price of bread results in a(n)
a. decrease in the supply of break
b. increase in the demand for butter
c. increase in the demand for bread
d. increase in resource prices
e. violation of the law of demand
B
Economics
You might also like to view...
Refer to Figure 10.7. A movement from point A to point B could be caused by
A) a negative demand shock. B) a decrease in the term premium investors expect in the future. C) an increase in the default-risk premium. D) an increase in the expected rate of inflation.
Economics
To be efficient, outputs should be produced that minimize total cost
a. True b. False Indicate whether the statement is true or false
Economics