
-Bill's Office Furniture sells office chairs and desks.Bill's has changed the price per chair by $10 in each of four successive weeks.Figure 5-12 shows the four prices along with the corresponding sales of desks.From this information,it can be seen that
A) office chairs and desks are unrelated goods
B) office chairs and desks are complementary goods
C) office chairs and desks are substitute goods
D) both goods are normal goods
E) both goods obey the law of demand
Correct Answer:
Verified
Q121: The cross-price elasticity of demand is
A)price elasticity
Q122: Price elasticity of supply
A)is always a number
Q123: The effect of a change in the
Q124: The supply of a good is more
Q125: If the cross-price elasticity of demand between
Q127: If a decrease in the price of
Q128: The cross-price elasticity of demand between butter
Q129: If the cross-price elasticity of demand is
Q130: Butter and margarine are examples of
A)substitutes
B)complements
C)externalities
D)inferior goods
E)goods
Q131: ![]()
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