--%>

Problem on reducing Complementary Goods

The failure of spaghetti crop would be most probable to decrease the: (1) Supply of cheap red wine. (2) International rate of inflation. (3) Demand for potato salad. (4) Demand for the spicy tomato sauce. (5) Prices of dinners in an Italian restaurant.

Find out the precise answer from the above options.

   Related Questions in Microeconomics

  • Q : Price floors with government purchases

    Suppose the U.S. wheat market is primarily in a stable equilibrium upon S0D0. Assume now that the government institutes a legal price floor at P3 per bushel of wheat. When the government will buy and store any resulting surplus

  • Q : Monopoly market structure When one firm

    When one firm controls all production and the price of a good without shut substitutes, there is: (i) monopoly market structure. (ii) violation of the law of demand and supply. (iii) lack of equity although assurance of efficiency. (iv) legal barrier to entry. (v) cer

  • Q : How consumption influence the

    How does rise in price of a substitute good in consumption influence the equilibrium price?

  • Q : Price elastic of supply between two

    In between point c and d in this supply curve of 2×4s, the price elastic of supply as: (i) 1.0. (ii) 1.6. (iii) 2.2. (iv) 2.8. (v) 3.4.

    Q : Increases in market demand and resource

    If increases in market demand cause resource prices to raise, that resulting in higher average as well as marginal costs, an industry is: (i) experiencing diseconomies of scale. (ii) unprofitable in the long run. (iii) probably a natu

  • Q : Problem Based on Economic Rent Location

    Location or site rents are as: (w) unrelated to the geographic location of a firm in a market. (x) determined from the fertility of land. (y) generated while a firm’s location allows this to charge more for its output or to pay less for its inpu

  • Q : Micro-macroeconomics in allocative

    Economic questions involving both microeconomics and macroeconomics would take in the effects on allocative efficiency and economic development of: (i) War within the Middle East and skyrocketing international prices

  • Q : Hike in relative price of a good I have

    I have a problem in economics on Hike in relative price of a good. Please help me in the following question. The hike in relative price of a good will quickly increase the: (i) Quantity demanded. (ii) Market supply. (iii) Rate of inflation. (iv) Quant

  • Q : Calculate price elasticity of demand

    Paradise Planners sold deluxe Hawaiian winter vacation’s 170 packages at a price of $1900, although only 130 tourists signed up while the price increased to $2100. Such Hawaiian vacations have a price elasticity of demand approximately equal to:

  • Q : Effects of marginal utility on Consumer

    Can someone please help me in finding out the accurate answer from the following question. When your marginal utility from $5 movies averages 50 utils and your marginal utility from $2 gallons of the gasoline is 20 utils, you can: (1) Not add to your satisfaction by m