Assume hamburgers and french fries are complements. A decrease in the price of french fries will cause a movement from
A) Point A to Point B.
B) Point G to Point F.
C) D1 to D2.
D) S2 to S1.
Answer: C) D1 to D2.
You might also like to view...
Which of the following is true of the U.S. government?
a. The government in the United States takes the form of a single-party state where opposition parties are not legally allowed to take power. b. The size of the federal government in the U.S. has been declining since 1930. c. Employment in the government sector currently exceeds employment in the manufacturing sector. d. The U.S. federal government plays a much smaller role than state and local government due to states' rights. e. The service sector of the U.S. economy employs more number of people than the U.S. government.
The income distribution in the United States shows that the income share of the top fifth of all families is
a. over 60 percent. b. around 21 percent. c. more than 12 times the income of the bottom fifth. d. less than 10 times the income of the bottom fifth.