--%>

Substitutes and Complements

The increase in the price of a good generally also rises the: (i) Demands for its substitutes. (ii) Supply of its complements. (iii) Purchasing power of the consumer incomes. (iv) Demand for its complements.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Determine wedges in demand and supply

    “Wedges” in between demand and supply curves are generated by: (1) arbitragers and speculators. (2) intermediaries and transaction costs. (3) development in the level of national income. (4) politicians who enact laissez f

  • Q : Output level on marginal revenue and

    When the firm produced at output level q2, this produced where: (w) MR = MC. (x) MR > MC. (y) MR < MC. (z) P < MC.

    Q : Stockholders of a big business

    I have a problem in economics on Stockholders of a big business corporation. Please help me in the following question. The stockholders of a big business corporation: (1) Frequently manage the everyday output decisions. (2) Usually own big percentages of the total sha

  • Q : Problem on decline of demand The

    The automakers slashed prices and gave ‘zero percent financing’ throughout the year 2001-2003 recession. An expected outcome was: (1) The decline in the demand for utilized cars. (2) enhanced maintenance of older cars by their owners. (3) Buyers purchasing

  • Q : Highest income in supply Glynn s weekly

    Glynn s weekly income would be the highest at: (1) point a. (2) point b. (3) point c. (3) point d. (4) point e. 1621_Labor-Leisure Trade-off</span></p>
                                        </div>
                                        <!-- /comment-box -->
                                    </li>
   
   </td>
	</tr><tr>
		<td>
       
      <li>
                                        <div class=

    Q : Total revenue of profit maximizing firm

    If this profit-maximizing firm as in given figure can’t price discriminate, in that case its total revenue will equal to: (w) $90,000 per month. (x) $112,000 per month. (y) $60,000 per month. (z) $120,0000 per m

  • Q : Objectives of Microeconomic policy

    Widely accepted objectives for microeconomic policy comprise: (w) full employment. (x) general price stability. (y) economic development. (z) efficiency, freedom and equity. Hey friends please give your opinion for

  • Q : Most effective excise taxes during

    Excise taxes upon cigarettes are most effective during reducing: (1) smokers' discretionary income for other goods. (2) cigarette production. (3) cigarette companies' profits. (4) consumption of snuff and chewing tobacco.

    Q : Strikes and Lockouts Can someone please

    Can someone please help me in finding out the accurate answer from the following question. The outcomes of strikes do not comprise: (i) Losses of the perishable products. (ii) Shipping delays. (iii) Decreased production costs. (iv) Shortages.

  • Q : Levels of recent interest rate When

    When households become ever more willing to sacrifice future consumption therefore that they can enjoy greater levels of recent consumption, in that case the: (w) interest rate rises. (x) interest rate falls. (y) present value of future income rises. (z) equilibrium r