The demand for a good increases when the price of a substitute ________ and also increases when the price of a complement ________
A) rises; rises
B) rises; falls
C) falls; rises
D) falls; falls
B
Economics
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Which of the following is TRUE regarding marginal benefit? I) The marginal benefit curve shows the benefit firms receive by producing another unit of a good. II) Marginal benefit increases as more of a good is consumed
A) I and II B) I only C) II only D) neither I nor II
Economics
Is it possible for technological change to be negative? If so, give an example
What will be an ideal response?
Economics