If Goods a and B Are Considered Complements, an Increase

question 14

Multiple Choice

If goods A and B are considered complements, an increase in the price of A would cause

• A)the demand curve for B to the right.
• B)the demand curve for B to the left.
• C)cause a movement along the demand curve for B to a (higher price, lower quantity)point.
• D)cause a movement along the demand curve for B to a (lower price, higher quantity)point.

---

Definitions:

Statutory Agent

A person or entity appointed to receive legal documents on behalf of a corporation or other legal entity.

Individually Liable

Responsibility of a person to bear the loss or fulfill obligations from their personal assets, independently of others' liabilities.

Preincorporation Contracts

Agreements entered into on behalf of a corporation not yet legally formed, which may bind the corporation once it comes into existence.

Promoter

A person or company that finances or organizes events, especially in entertainment or sports.