11.People view cell phone and its charger as complements to one another. If theprice of cell phone increases, economists would expect:O The demand for charger will not change.O The demand for charger to increase.O The quantity of cell phone demanded to increaseO The demand for charger to decrease.12.Which one is not the role of the Fed?O The Fed also acts as a bank to the American citizens with net wealth is larger than10 million dollar.O The Fed also acts as a bank to other banks by clearing checks, making electronicpayments, and providing the currency that American's need and use every day.O The Fed also helps to supervise and regulate the nation's banks and works topromote a stable financial system for consumers, communities, and businessesThe Fed implements monetary policies that promote maximum employment and mstable prices.

11. We have to found complementary goods.

11. People view cell phone and its charger as complements to one another. If the price of cell phone increases, economists would expect: O The demand for charger will not change. O The demand for charger to increase. O The quantity of cell phone demanded to increase O The demand for charger to decrease.

11. People view cell phone and its charger as complements to one another. If the price of cell phone increases, economists would expect: O The demand for charger will not change. O The demand for charger to increase. O The quantity of cell phone demanded to increase O The demand for charger to decrease.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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