Suppose That the Demand Curves for Goods A,B,and C Have

question 46

Multiple Choice

Suppose that the demand curves for goods A,B,and C have the following functional forms:,where Q denotes quantity demanded and P denotes price: Q_A = 120 - 3.5 P_A - 6P_B
Q_B = 100 - 2P_B + 3P_C
Q_C = 1500 - 0.5P_C.
Based on these demand curves,which of the following pairs of goods are known to be complements?

• A)B and C
• B)A and C
• C)A and B
• D)A and C,and B and C
• E)none of the pairs are complements

---

Definitions:

William Graham Sumner

A prominent American sociologist and economist known for his contributions to social Darwinism and conflict theory.

Sociological Topic

A subject or area of study within the field of sociology, focusing on human society, social behavior, and social structures.

Culture

The social behavior, norms, knowledge, beliefs, arts, laws, and customs of a group of people or society.

Cultural Diversification

The process by which a society becomes more varied in terms of cultural beliefs, practices, and expressions.