The market-clearing curve for complementary goods is:
A. horizontal.
B. downward-sloping.
C. vertical.
D. upward-sloping.
B. downward-sloping.
Economics
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Suppose the monopolist only sold the goods separately. What price will the monopolist charge for Good 2 to maximize revenues for good 2?
a. $2,300 b. $2,800 c. $1,200 d. $1,700
Economics
Which of the following would most likely be considered complements?
A) butter and margarine B) rental cars and taxis C) plastic wrap and aluminum foil D) tennis rackets and tennis balls
Economics