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:

Respiratory Organs

Organs involved in the process of breathing, including the nose, throat, larynx, trachea, bronchi, and lungs.

Extraembryonic Membrane

Membranes that support the development of the embryo, such as the amnion and chorion.

Protective Fluid

A fluid that safeguards body parts by cushioning, lubricating, or providing a barrier.

Z-score

A standardized score that indicates how many standard deviations a data point is from the mean.