If a and B Are Complements, an Increase in the Price

question 117

Multiple Choice

If A and B are complements, an increase in the price of good A would:

• A)have no effect on the quantity demanded of B.
• B)lead to an increase in demand for B.
• C)lead to a decrease in demand for B.
• D)none of the statements associated with this question are correct.

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Definitions:

Cooperatives

An organization owned and operated by its members with the objective of benefiting them, often in purchasing or selling goods, obtaining services, or producing goods.

Unincorporated

Describes a business or area that has not been formed into a legal corporation or does not fall under a municipality's jurisdiction, respectively.

Limited Liability

A legal structure that restricts the financial liability of owners or shareholders of a company to the amount they have invested in the company.

Syndicate

An investment group that comes together for the explicit purpose of financing a specific large project.