Two products are complements if:
A. a decrease in the price of one causes buyers to demand less of the other.
B. an increase in the price of one causes buyers to demand more of the other.
C. a decrease in the price of one causes buyers to demand more of the other.
D. individuals consume the goods together.
C. a decrease in the price of one causes buyers to demand more of the other.
Economics
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The Consumer Price Index is calculated by the
A) Federal Reserve Bank of New York. B) Department of Commerce. C) Bureau of Labor Statistics. D) Department of Labor. E) Society for Consumer Protection.
Economics
Contractual inflexibility is most likely to slow price adjustment in the
A) money market. B) capital market. C) real estate market. D) labor market.
Economics