If the price of hot dogs increases, what will happen in the market for potato chips, a complementary good?
A) Demand will increase.
B) Quantity demanded will increase.
C) Demand will decrease.
D) Quantity demanded will decrease.
There is news that the price of Tucker's Cider Explosion will increase significantly next week. If the demand for Tucker's Cider Explosion reacts only to this factor and shifts to the right, the position of this demand curve has reacted to a change in:
B) income levels.
C) the price of other goods.
The demand curve shows how the quantity demanded is related to the price. A change in other variables will:
A) shift the demand curve to the left.
B) shift the demand curve to the right.
C) not shift the demand curve.
D) shift the demand curve.
A complementary good is:
A) a good that is not related to any other good.
B) a good that is given to you for free.
C) a good that is jointly consumed with another good.
D) a good that is consumed instead of another good.