If an increase in the price of Good A causes an increase in the demand for Good B, Goods A and B are said to be complements

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

False

Economics

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In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle dce represents

A) consumer surplus. B) producer surplus. C) deadweight loss. D) marginal revenue.

Economics

People who lost their jobs as hand-drawn animators because of the popularity of computer-generated 3D animation are examples of persons who are suffering

A) cyclical unemployment. B) frictional unemployment. C) seasonal unemployment. D) structural unemployment. E) unnatural unemployment.

Economics