If Goods a and Z Are Complements,an Increase in the Price

question 83

Multiple Choice

If goods A and Z are complements,an increase in the price of good Z will:

• A)increase the demand for good A.
• B)decrease the demand for good A.
• C)decrease the demand for good Z.
• D)decrease the demand for both good A and good Z.

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Definitions:

GDP

Gross Domestic Product, the total value of all goods and services produced within a country over a specified period, typically a year.

Imports

Goods or services brought into one country from another for sale.

Exports

Goods or services sent from one country to be sold in another country.

Consumption

The total value of all goods and services consumed by households, including durable goods, non-durable goods, and services.