Refer to the Following Table to Answer the Question A) a and B Are Complements Whereas a and C

question 29

Multiple Choice

Refer to the following table to answer the question. Which of the following statements is true? $\begin{array}{|c|c|c|c|}\hline \text { Price of A } & \begin{array}{c}\text { Quantity Demanded } \\\text { of A }\end{array} & \begin{array}{c}\text { Quantity Demanded of } \\\text { B }\end{array} & \begin{array}{c}\text { Quantity Demanded } \\\text { of C }\end{array} \\\hline \$ 1.00 & 80 & 100 & 5 \\\hline \$ 1.50 & 60 & 98 & 10 \\\hline \$ 2.00 & 40 & 96 & 15 \\\hline \$ 2.50 & 20 & 94 & 20 \\\hline \$ 3.00 & 0 & 92 & 25 \\\hline\end{array}$

• A) A and B are complements whereas A and C are substitutes.
• B) A and C are complements whereas A and B are substitutes.
• C) A and B are complements and A and C are complements.
• D) A and B are substitutes and A and C are substitutes.

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