Two goods, X and Y, are said to be complementary when?
Two goods, X and Y, are said to be complementary when?
A fall in the price of X raises the demand for Y
A fall in the price of X causes a fall in the demand for Y
A fall in the price of X does not affect the demand for Y
A rise in the price of X does not affect the demand for Y
The two goods are competitive.
Correct answer is A
No explanation has been provided for this answer.
The national income of a country can be estimated by the ...
Government participation in the oil industry was necessitated by the ...
When the value of a nation’s export is greater than its imports ...
Which of the following statements does NOT describe a situation of perfect competition? ...
\(\begin{array}{c|c} \text{Unit of output} & \text{Table cost}\\ \hline 1 & 20 \\ 2 &...
A situation in which all inputs are doubled and output also doubles is known as ...
Human development can be improved if ...
Which of the following BEST describes the production function? ...