Consider cars and gasoline.Other things being equal,when the price of cars decreases,the demand for gasoline is likely to
A) remain unchanged.
B) remain unchanged because cars and gasoline are produced independently of one another.
C) decrease because the two goods are complements.
D) remain unchanged because cars and gasoline are two distinct markets.
E) increase because the two goods are complements.
Correct Answer:
Verified
Q16: Suppose we observe an increase in the
Q17: In a market for a good or
Q18: Aeronautical engineers are a factor of production
Q19: Which statement best describes a "demand schedule"?
A)an
Q20: If a change in tastes has raised
Q22: The table below displays hypothetical demand
Q23: "Demand" in a particular market refers to
A)the
Q24: The table below displays hypothetical demand
Q25: Economists say there has been a change
Q26: Ceteris paribus means
A)and so forth.
B)other things being
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