SaveNext questionComputers and software are complements in consumption. An increase in the price of software and technological innovation in the computer production process willcause theO A. price of computers to rise, fall, or stay constant and the quantity of computers to fall.B. price of computers to rise and the quantity of computers to rise, fall, or stay constant.O C. price of computers to rise, fall, or stay constant and the quantity of computers to rise.D. price of computers to fall and the quantity of computers to rise, fall, or stay constant.

Complementary commodities are those commodities which are used together. When the price of one good…

Computers and software are complements in consumption. An increase in the price of software and technological innovation in the computer production process will cause the O A. price of computers to rise, fall, or stay constant and the quantity of computers to fall. O B. price of computers to rise and the quantity of computers to rise, fall, or stay constant. OC. price of computers to rise, fall, or stay constant and the quantity of computers to rise. O D. price of computers to fall and the quantity of computers to rise, fall, or stay constant.

Computers and software are complements in consumption. An increase in the price of software and technological innovation in the computer production process will cause the O A. price of computers to rise, fall, or stay constant and the quantity of computers to fall. O B. price of computers to rise and the quantity of computers to rise, fall, or stay constant. OC. price of computers to rise, fall, or stay constant and the quantity of computers to rise. O D. price of computers to fall and the quantity of computers to rise, fall, or stay constant.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

22
As the price of soft drinks rise, there is in the demand for juice, which is a for soft drinks. O A. an increase; complement B. a decrease; complement C. a decrease; substitute D. no change; substitute E. an increase; subtitute
28)
FIGURE 2-4 Production possibilites curve Food Refer to Figure 2-4. If the economy chooses to shift more of its resources into clothing, what will it have to give up? Select one: O a. larger and larger amounts of food per unit of added clothing as the quantity of clothing produced increases O b. nothing, since food and clothing are NOT substitutes O c. relatively equal amounts of food per unit of added clothing as the quantity of clothing produced increases Clohing
Use the supply and demand schedule below to plot the supply and demand curves for tequila in this market. Tequila Price Quantity Demanded Quantity Supplied 10 100 15 70 10 20 42 22 25 12 35 30 48 What is the equilibrium price? O a 23 dollars O b 43 dollars Oc 13 dollars 33 dollars ME 国国

QUESTION 12 Assume that the price of cheese has decreased and the price of garlic bread (a substitute good) has decreased at the same time. How this will affect the market for pizzas? O a. Quantity of pizza would fall, and the effect on price would be ambiguous. O b. Price of pizza would rise, and the effect on quantity would be ambiguous. O. Quantity of pizza would rise, and the effect on price would be ambiguous. O d. Price of pizza would fall, and the effect on quantity would be ambiguous. QUESTION 13 Samuel owns a laundromat business in Queens, New York. He recently purchased 2 new washing machines and 2 new dryers. This will cause O a. the demand for laundromat services to increase. O b. the supply of laundromat services to decrease. O c. the demand for laundromat services to decrease. O d. the supply of laundromat services to increase. QUESTION 16 A likely example of complementary goods for most people would be O a. golf club and baseball bat. O b. tea and coffee. O c. CPA…
Suppose that video game discs are a normal good.. If the income of video game players increases, you predict that in the market for video games, O both equilibrium price and quantity will fal. O equilibrium price will increase, and quantity will decrease. o both equilibrium price and quantity will increase. O equilibrium price will fall, but quantity will increase.
An increase in the price of wheat will lead to Select one: O a. an upward movement along the demand curve for wheat. O b. a leftward shift in the demand curve for wheat. Oc arightward shift in the supply curve for wheat. O d. an increase in the quantity of wheat consumed.
Answer the following questions
QUESTION 13 New cars are normal goods. What will happen to the equilibrium price of new cars if public transportation becomes more expensive and less comfortable and auto-workers receive higher wages? O Quantity will rise, and the effect on price is ambiguous. O Price will rise, and the effect on quantity is ambiguous. O Quantity will fall, and the effect on price is ambiguous. O Price will fall, and the effect on quantity is ambiguous.
An increase in the number of pizza producers or a fall in price of mozzarella cheese used to make pizza shifts the O A. demand curve for pizza leftward. O B. supply curve for pizza rightward. Oc. demand curve for pizza rightward. O D. supply curve for pizza leftward.
If goods A and B are substitutes, an increase in the price of A will result in Select one: a. no difference in the quantity sold of either good O b. None of the answers are correct O c. increases the demand for O d. reduces the demand for B