Donuts and coffee are complements. When the price of a donut increases, the demand for coffee ________ and the cross elasticity of demand for coffee with respect to the price of a donut is ________

Cost curves shift if i. technology changes. ii. the prices of factors of production change. iii. productivity changes

A) only i B) i and iii C) only ii D) i and ii E) i, ii, and iii

A change in input prices will change the location of the budget line

a. True b. False Indicate whether the statement is true or false