For consumers, goods A and B are complementary goods. The cost of a resource used in the production of A decreases. As a result
A) the equilibrium price of B will fall and the equilibrium price of A will rise.
B) the equilibrium price of B will rise and the equilibrium price of A will fall.
C) the equilibrium prices of both A and B will rise.
D) the equilibrium prices of both A and B will fall.
B
Economics
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Scarcity means we must
A) consume less. B) produce less. C) make choices. D) earn more. E) work more.
Economics
The two human factors of production are
a. labor and mental exertion b. labor and entrepreneurship c. entrepreneurship and physical exertion d. labor and physical exertion e. entrepreneurship and mental exertion
Economics