Suppose That the Market Demand Curve for Cauliflower Is a Function

question 18

Multiple Choice

Suppose that the market demand curve for cauliflower is a function of the price of cauliflower, the price of broccoli, and income. If the partial derivative of quantity demanded of cauliflower with respect to the price of broccoli is positive, cauliflower and broccoli are:

• A) substitutes.
• B) complements.
• C) normal goods.
• D) inferior goods.

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Definitions:

Premises

Statements or propositions that are assumed to be true and from which a conclusion is drawn in the process of reasoning.

Argument

A set of statements or reasons put forth to support a conclusion, often in the context of logic, debate, or philosophy.

Maximum Number

The highest value obtainable or permitted within a given set of numbers or constraints.

Paragraph

A distinct section of writing that deals with a particular idea, typically starting on a new line and consisting of one or more sentences.