A home theater system and an HD television would be considered an example of:
A) substitute goods.
B) giffen goods.
C) inferior goods.
D) complementary goods.
D
You might also like to view...
Some researchers have been unable to find evidence of increasing returns to human capital
Indicate whether the statement is true or false
In a market with a downward-sloping demand curve and an upward-sloping supply curve, a law requiring sellers to pay the government a tax of $1.00 per pack on cigarettes has the effect of:
A. shifting the supply curve to the right and increasing the price buyers pay by $1.00. B. shifting the demand curve to the right and increasing the price buyers pay by $1.00. C. shifting the supply curve to the left and increasing the price buyers pay by less than $1.00. D. shifting the demand curve to the left and increasing the price buyers pay by less than $1.00.