Wine and Cheese Are Complement Goods Because They Are Consumed

question 3

Multiple Choice

Wine and cheese are complement goods because they are consumed together.What would you expect to happen to the equilibrium quantity of cheese if the price of wine increased and all else is held constant?

• A) It would increase because of a supply shift.
• B) It would increase because of a demand shift.
• C) It would stay the same because of both a demand and a supply shift.
• D) It would decrease because of a supply shift.
• E) It would decrease because of a demand shift.

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Definitions:

Toggle Switch

A mechanical or electronic switch that alternates between two states or modes with each actuation.

Volume Control

The mechanism or systems used to adjust the loudness of audio output in electronic devices or instruments.

Selective Looking

The focus of visual attention on specific elements of the environment while ignoring others, demonstrating how cognitive processes shape perception.

Tasting

The perception of flavor from the combination of a food or substance's taste, smell, and texture on the tongue.