What happens to the demand for a good if a complement's price increases?
A) The demand increases and the demand curve shifts rightward.
B) The demand decreases and the demand curve shifts rightward.
C) The demand increases and the demand curve shifts leftward.
D) The demand decreases and the demand curve shifts leftward.
E) There is no impact on demand for the good and the demand curve does not shift.
D
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Suppose the real GDP of Fatonia was $25 million in 2010 . If the population of Fatonia was 0.25 million in 2010, then Fatonia's real GDP per capita was _____ in 2010
a. $200 b. $100 c. $50 d. $150
Suppose that you open your own business and earn an accounting profit of $40,000 per year. When you started your business, you left a job that paid you a $25,000 salary annually. Also, suppose that you invested $70,000 of your own funds to start up your
business. If the normal rate of return on capital is 5 percent, your economic profit is A) $15,000. B) -$11,500. C) $11,500. D) -$55,000.