If the price of apples goes down, then the demand for pears will
A) increase, assuming apples and pears are substitutes.
B) decrease, assuming apples and pears are substitutes.
C) decrease, assuming apples and pears are complements.
D) remain constant, assuming apples and pears are related goods.
Answer: B
Economics
You might also like to view...
A shortage creates a situation that forces prices to ________ while a surplus creates a situation that forces prices to ________
A) decrease; increase B) decrease; decrease C) increase; decrease D) increase; increase
Economics
Refer to the table. Between years 1 and 2, real GDP grew by __________ percent in Alta.
A. 3
B. 4
C. 5
D. 10
Economics