Which of the following pairs of goods is LEAST likely to be a pair of complements?
A. razors and razor blades
B. soda and bottled water
C. gasoline and vehicles
D. coffee and sugar
Answer: B
Economics
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A perfectly competitive firm is producing at the quantity where marginal cost is $6 and average total cost is $4. The price of the good is $5. To maximize its profit, this firm should
A) raise its price. B) lower its price. C) increase its output. D) decrease its output. E) increase the price it charges for its product.
Economics
A decrease in ________ leads to an equal ________ in the monetary base in the short run
A) float; increase B) float; decrease C) Treasury deposits at the Fed; decrease D) discount loans; increase
Economics