Assume Goods X and Y Are Complements and Are Produced

question 99

Multiple Choice

Assume goods X and Y are complements and are produced in perfectly competitive markets.All else constant,an increase in demand for good X would cause:

• A)a decrease in the number of firms that produce good X.
• B)an increase in the number of firms that produce good Y.
• C)a decrease in the number of firms that produce good Y.
• D)no effect on the number of firms that produce either good.

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Definitions:

Synapses

Junctions between nerve cells where neurotransmitters are released to transmit signals from one neuron to another.

Cognitive Abilities

Mental capabilities that include the capacity to reason, plan, solve problems, think abstractly, comprehend complex ideas, learn quickly, and learn from experience.

Guanfacine

A medication primarily used to treat attention deficit hyperactivity disorder (ADHD) and sometimes high blood pressure, working by affecting certain receptors in the brain.

Prescribed Stimulant

A type of medication prescribed by healthcare professionals to increase alertness, attention, and energy, particularly in disorders like ADHD.