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:

Unionization Rates

The proportion of a workforce that is members of a union or labor organization.

African Americans

A racial or ethnic group in the United States with African ancestry, distinguished by shared historical, cultural, and social experiences.

Transportation Workers

Transportation workers are individuals involved in the movement of people or goods, including roles in aviation, shipping, rail, and road transport.

Mining

The process of extracting valuable minerals or other geological materials from the Earth's crust.