Peanut butter and jelly are complements. A decrease in the price of one will result in
A. An increase in the quantity demanded of the other.
B. A decrease in the quantity demanded of the other.
C. An increase in the demand for the other.
D. A decrease in the demand for the other.
Answer: C
You might also like to view...
Which of the following is TRUE?
A) Russia is more dependent of international trade than Brazil. B) Exports and imports are rising more slowly than GDP in the BRIC countries. C) China was the last of the BRICs to start economic reforms. D) All of the BRIC countries had to transition from socialist or communist systems.
Which of the following statements accurately characterizes the Homestead Act of 1862?
a. Southerner plantation owners were strongly opposed to the passage of this legislation. b. This legislation outlined the legal means by which a territory could become a state. c. Only farmers with families could purchase land made available by this legislation. d. This legislation made available some of the most fertile farming land in the U.S., yielding great benefits for small farmers.