Which of the following pairs is most likely to represent complementary goods?
a. Hotels and campgrounds.
b. Butter and margarine.
c. Bacon and eggs.
d. Miniature golf and bowling.
e. Coffee and tea.
c
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If more insurance companies decide to cover part of the price of voluntary laser eye surgery and more doctors decide to enter the field of laser eye surgery, what will happen in the market for laser eye surgery as a result of these two factors?
A) Demand and supply will both increase. B) Demand will increase, but these two factors will not shift the supply curve. C) Supply will increase, but these two factors will not shift the demand curve. D) Demand will increase and supply will decrease.
A bubble or panic generally occurs in the stock market because of:
a. upswings in the business cycle. b. expansionary monetary policies undertaken by the government. c. irrational, or abnormal forecasts, or market valuations. d. an increase in the profitability of the firms. e. deliberate government actions to control inflation.