Suppose Buyers of Computers and Printers Regard the Two Goods

question 107

Multiple Choice

Suppose buyers of computers and printers regard the two goods as complements.Then an increase in the price of computers will cause a(n)

• A)decrease in the demand for printers and a decrease in the quantity supplied of printers.
• B)decrease in the supply of printers and a decrease in the quantity demanded of printers.
• C)decrease in the equilibrium price of printers and an increase in the equilibrium quantity of printers.
• D)increase in the equilibrium price of printers and a decrease in the equilibrium quantity of printers.

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Definitions:

Erik Erikson

A developmental psychologist known for his theory on the psychological development of humans, characterized by eight stages over the lifespan.

Middle Childhood

A developmental stage that encompasses the period from approximately 6 to 12 years of age, characterized by significant growth in cognitive, social, and physical abilities.

Industry

In a developmental context, it refers to a phase where individuals gain competence and productivity; in economics, it denotes sectors of the economy producing goods or services.

Inferiority

A feeling of being lower in status or quality compared to others, often leading to decreased self-esteem.