Wine and Cheese Are Complement Goods Because They Are Consumed

question 3

Multiple Choice

Wine and cheese are complement goods because they are consumed together.What would you expect to happen to the equilibrium quantity of cheese if the price of wine increased and all else is held constant?

• A) It would increase because of a supply shift.
• B) It would increase because of a demand shift.
• C) It would stay the same because of both a demand and a supply shift.
• D) It would decrease because of a supply shift.
• E) It would decrease because of a demand shift.

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Definitions:

Moral Worth

The inherent value of an action or person, based on ethics and morality.

Courage

The ability to overcome fear and live (or die) by one’s convictions, even in ambiguous, uncertain, and dangerous situations; the virtue that underlies and gives reality to all other values; the basis for moral worth and dignity.

Dignity

The inherent worth and respect that every individual deserves, regardless of their status, achievements, or abilities.

Superordinate Quality

Attributes or characteristics that elevate or distinguish something as superior or of higher status compared to others in its category.