If two goods are complementary, a(n)

a. decrease in the price of one good will cause a decrease in the demand for the other
b. decrease in the price of one good will cause an increase in the demand for the other
c. increase in the price of one good will cause an increase in the supply of the other
d. increase in the price of one good will cause a decrease in the supply of the other
e. increase in the price of one good will cause an increase in the demand for the other

B

Economics

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When total utility is at a maximum, marginal utility is zero.

a. true b. false

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In the figure above, at the point where the price is $60 per bunch, the price elasticity of supply is

A) 1.8 B) 0.56 C) 1 D) 1.5 E) 0

Economics