The number of satellite dishes increased by 50 percent when the average monthly price of cable TV increased by 10 percent. Assuming that other factors are held constant, satellite dishes and cable TV are classified as:
A) complements.
B) unrelated goods.
C) substitutes.
D) social goods.
Correct Answer:
Verified
Q101: Suppose the value of income elasticity of
Q108: If automobiles and gasoline are complements, then
Q163: If a good is inferior in an
Q164: When economists look at the percentage change
Q165: The Smith family buys much more macaroni
Q167: The number of cases of Coca-Cola bought
Q169: If a 1 percent decrease in the
Q170: If a 1 percent change in income
Q171: The cross elasticity of demand for substitute
Q172: The cross elasticity of demand for complementary
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents