Question
assume coffee and doughnuts are complements. When the price of doughnuts goes up, which of the...
assume coffee and doughnuts are complements. When the price of doughnuts goes up, which of the following will happen to the market for coffee?
a. The demand curve for coffee will shift to the right
b. the equilibrium quantity of coffee will decrease
c. the supply curve for coffee will shift to the left
d. the equilibrium price of coffee will increase
on any given supply curve, each point represents:
a. the highest price sellers can get for each unit over time,.
b. the lowest price for which a supplier can profitably sell another unit
c. the highest price buyers will pay for the good
d. the lowest price buyers will accept per unit of the good
an increase in quantity demanded caused by a decrease in price is represented by a
a. leftward shift of the demand curve
b. movement down and to the right along the demand curve
c. movement up and to the left along the demand curve
d. rightward shift of the demand curve
Homework Answers
Answer #1
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