Which Statement Best Illustrates Complementary Goods

question 79

Multiple Choice

Which statement best illustrates complementary goods?

• A) The price of tennis rackets declines so your economics instructor decides to take tennis lessons and purchases several cans of new tennis balls.
• B) The price of Apple Macintosh computers declines so your economics instructor sells his or her IBM personal computer and buys a Macintosh.
• C) After receiving a promotion and a hefty year-end bonus from the college, your economics instructor decides to stop buying denim jeans and switches to clothing befitting his or her loftier position on the faculty.
• D) Fearing that the price of pipe tobacco will rise next year, your economics professor goes to his local tobacconist and purchases an ample supply to last for several years.

---

Definitions:

Objectives

Specific, measurable goals that an individual or organization aims to achieve.

Timetabled

Scheduled or planned in a structured timetable, indicating when certain events, activities, or actions are to occur.

Problem-solving

The process of identifying a problem, devising alternatives for dealing with it, and then selecting and implementing one of those alternatives in order to reach a solution.

Goal-setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives to guide actions and behaviors.