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9 Aug 2018

When the price of good A rises, the supply curve of good B shifts rightward. Which of the following statements are true? OA. A is a factor used in the production of B. OB. A and B are complements in production. OC. A and B are complements. OD. A and B are substitutes in production. OE. A and B are substitutes.

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Related questions

If goods X and Y are substitutes in production, then a rise in the price of good X A. decreases the demand for good Y. OB. increases the supply of good Y. OC. might change the supply of Y; it depends on whether X and Y are also substitutes. OD. decreases the supply of good Y. QE. increases the demand for good Y.

1. If goods A and B are substituted in consumption, a decrease in the price of good B will _________. If goods A and B are substituted in production, a decrease in the price of good B will _________.

A) increase the demand for good A; increase the supply for good A.

B) decrease the demand for good B; decrease the demand for good A.

C) decrease the demand for good A; increase the supply for good A.

D) increase the demand for good B; decrease the demand for good A.

2. If goods A and Z are complements in consumption, an increase in the price of good Z will _________. If goods A and Z are complements in production, an increase in the price of good Z will _________.

A) increase the demand for good A; decrease the supply for good A.

B) decrease the demand for good A; increase the supply for good A.

C) decrease the demand for good Z; decrease the supply for good A.

D) increase the demand for good A; increase the demand for good A.

3. what are the differences between (substitutes / complements) in (consumption / production)?

An increase in income OA. decreases the slope of the budget line and shifts the demand curve rightward OB. shifts the budget line rightward and shifts the demand curve rightward OC. shifts the budget line rightward and creates a movement downward along the demand curve OD. decreases the slope of the budget line and creates a movement upward along the demand curve

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