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If two goods, J and K, are complements, then which of the following statements is FALSE?
A. When the quantity demanded of J increases, the demand for K increases.
B. They are consumed together.
C. An increase in the price of J causes the demand for K to rise.
D. A decrease in the price of K causes an increase in the demand for J.

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Divya Singh
Divya SinghLv10
19 Oct 2020

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Related questions

1. An increase in the price of a good will

a. increase quantity demanded

b. increase demand

c. decrease demand

d. decrease quantity demanded

 

2. An increase in the price of good will

a. decrease quantity supplied

b. increase quantity supplied

c. decrease supply

d. increase supply

 

3. An increase in price causes an increase in total revenue when demand is

a. inelastic

b. elastic

c. unit elastic

d. all of the above

 

4. Which of the following could be the price elasticity of demand for a good for which a price increase would decrease revenue?

a. 1.0

b. 0.6

c. 2.6

d. 0.9

 

5. Other things equal, when the price of good falls, the

a. quantity supplied of good increases

b. demand increases

c. supply decreases

d. quantity supplied of the good decreases

 

 

The law of demand states that, other things equal, an increase in

a. quantity demanded causes price to increase

b. quantity demanded causes price to decrease

c. price causes quantity demanded to decrease

d. price causes quantity demanded to increase

The law of demand states that, as other things equal, an increase in:

a. price causes quantity demanded to decrease.

b. price causes quantity demanded to increase.

c. quantity demanded causes the price to increase.

d. quantity demanded causes the price to decrease.

 

 

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