Upon acquiring a complement the inter-relatedness of demand leads to, MR________
a. Rising
b. Falling
c. Staying constant
d. None of the above
a
Economics
You might also like to view...
A PPF bows outward because
A) not all resources are equally productive in all activities. B) consumers prefer about equal amounts of the different goods. C) entrepreneurial talent is more abundant than human capital. D) resources are used inefficiently.
Economics
The income elasticity of demand for bicycles is +10, which implies that bicycles are
A) an inferior good. B) a normal good. C) a substitute good for motorbikes. D) a complement good for motorbikes.
Economics