For Consumers, Goods a and B Are Complementary Goods

question 360

Multiple Choice

For consumers, goods A and B are complementary goods. The cost of a resource used in the production of A decreases. As a result

• A) the equilibrium price of B will fall and the equilibrium price of A will rise.
• B) the equilibrium price of B will rise and the equilibrium price of A will fall.
• C) the equilibrium prices of both A and B will rise.
• D) the equilibrium prices of both A and B will fall.

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Definitions:

Fetal Development

The process of growth and maturation of a fetus inside a woman's uterus from conception to birth.

Left Atria

The left atria is one of the four chambers of the heart, receiving oxygenated blood from the lungs and pumping it into the left ventricle.

Progesterone

A hormone produced in the ovaries, placenta, and adrenal glands that plays a key role in the menstrual cycle, pregnancy, and embryogenesis.

Oral Contraceptives

Medications taken by mouth to prevent pregnancy, commonly known as birth control pills.