If Goods X and Y Are Complements, the

question 82

Multiple Choice

If goods X and Y are complements, the

• A)quantities demanded of X and Y tend to move in opposite directions.
• B)quantities demanded of X and Y tend to move in the same direction.
• C)prices of X and Y tend to move in the same direction.
• D)supply curves for X and Y tend to move in the same direction.

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Definitions:

Due Care

The level of judgment, caution, and attentiveness expected of a reasonable person.

Negligence

Failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability for the resulting harm.

Directors

Individuals elected by shareholders to oversee the management of a corporation and make major decisions.

Board Meetings

Formal gatherings of the board of directors of an organization or company to discuss and decide on corporate matters.