If nuts and bolts are complements, an increase in the price of nuts caused by a change in the supply of nuts will
a. increase the number of bolts sold.
b. decrease the demand for nuts
c. increase the price of bolts
d. decrease the number of bolts sold
d
Economics
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What is the counter-intuitive solution to a mixed strategy?
A) Player A makes Player B indifferent between its strategy choices. B) Player A makes itself indifferent between its strategy choices. C) Player A changes the rules of the game. D) There are no mixed strategies in most games.
Economics
If the price of one good goes up and the demand of a related good goes down, the two goods are
A) complements. B) substitutes. C) inferior goods. D) normal goods.
Economics