Assume Goods X and Y Are Complements and Are Produced

question 99

Multiple Choice

Assume goods X and Y are complements and are produced in perfectly competitive markets.All else constant,an increase in demand for good X would cause:

• A)a decrease in the number of firms that produce good X.
• B)an increase in the number of firms that produce good Y.
• C)a decrease in the number of firms that produce good Y.
• D)no effect on the number of firms that produce either good.

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Definitions:

Genotype Frequencies

The distribution of the different genetic constitutions within a population.

Fixing Beneficial Allele

The process by which a favorable genetic variant becomes present in all individuals within a population due to natural selection.

Population Size

The total number of individuals within a defined area at a specific time.

Hardy-Weinberg Equilibrium

A rule indicating that in a population, allele and genotype frequencies will stay unchanged over time if there are no evolutionary forces at play.