Firms tend to lower the price of their goods after acquiring a firm that sells a complementary good because
a. They gain market power
b. There is an increase in the overall demand for their products
c. The bundle has a more elastic demand than individual goods
d. The bundle has a more inelastic demand than individual goods
c
Economics
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What makes the demand for U.S. dollars change?
What will be an ideal response?
Economics
When a banker accepts a deposit of $1,000 in cash and puts $200 aside as required reserves and then makes a loan of $800 to a new borrower, this set of transactions
A. decreases the money supply by $1,000. B. decreases the money supply by $200. C. does not change the money supply. D. increases the money supply by $200. E. increases the money supply by $800.
Economics