Solved

If L and M Are Complementary Goods, an Increase in the Price

Question 68

Multiple Choice

If L and M are complementary goods, an increase in the price of L will result in:


A) an increase in the sales of L.
B) no change in either the price or sales of M.
C) a decrease in the sales of M.
D) an increase in the sales of M.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q30: If the price of product L increases,

Q44: If consumer incomes increase, the demand for

Q63: If an increase in consumer incomes causes

Q64: Refer to the</p></div><svg width=

Q65: For some commodities, purchases tend to decrease

Q67: Which of the following will cause the

Q69: If the price of K declines, the

Q70: An increase in consumer incomes will:
A)increase the

Q71: Which factor will increase the demand for

Q72: For most commodities, purchases tend to rise

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents