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.

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Definitions:

Psychological Distress

A state of emotional suffering characterized by symptoms such as depression, anxiety, and stress, often affecting an individual's day-to-day functioning.

Institutional Support

Assistance, resources, or backing provided by organizations or institutions, typically aimed at facilitating the achievement of specific goals or objectives.

Egalitarian

The principle or belief that all people are equal and deserve equal rights and opportunities.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and drugs, leading to addiction or other negative impacts.