If Two Goods, J and K, Are Complements, Then Which

question 392

Multiple Choice

If two goods, J and K, are complements, then which of the following statements is FALSE?

• A) They are consumed together.
• B) An increase in the price of J causes the demand for K to rise.
• C) When the quantity demanded of J increases, the demand for K increases.
• D) A decrease in the price of K causes an increase in the demand for J.

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Definitions:

Preference Consistency Effect

A phenomenon where individuals show a tendency to remain consistent with their previously stated preferences and choices over time.

Social Threat

Social threat refers to the perceived or real risk of harm to one's social status, acceptance within a group, or personal relationships.

Physical Threat

Any potential cause of physical harm or damage to an individual's bodily integrity, security, or health.

Monetary Threat

refers to the risk of financial loss or damage, which can impact individuals, businesses, or economies.