If goods A and B are complements, and if the price of good B rises, how will this affect the market equilibrium for good A?
a. Price will rise and quantity will fall.
b. Price will fall and quantity will rise.
c. Price and quantity will both rise.
d. Price and quantity will both fall.
d
Economics
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For a monopolist, when the price effect is greater than the output effect, marginal revenue is
a. positive. b. negative. c. zero. d. maximized.
Economics
The federal budget deficit in 2009 was more than eight times larger than the deficit in 2007.
Answer the following statement true (T) or false (F)
Economics