If Good B Is a Complement to Good A, Then

question 50

Multiple Choice

If good B is a complement to good A, then a rise in the price of B

• A)increases the quantity demanded of A
• B)decreases the demand for A
• C)increases the demand for A
• D)decreases the quantity demanded of A
• E)will cause the demand for B to increase

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Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform framework for international commerce.

Express Contract

A contract in which the terms and conditions are clearly stated and agreed upon by all parties, either verbally or in writing.

Finders Fee

A commission paid to an intermediary or the facilitator of a transaction.

Essential Terms

Fundamental conditions and stipulations in a contract that are crucial for its validity and enforcement.