Coffee and cream are complements. If the price of coffee increases, this will cause: a) a decrease in demand- a leftward shift of the demand curve-- for coffee. b) an increase in demand- a rightward shift of the demand curve-- for cream. c) an upward movement (decrease in quantity demanded) along the demand curve for coffee. d)a downward movement ( increase in quantity demanded) along the demand curve for cream. Is the answer C?
Coffee and cream are complements. If the price of coffee increases, this will cause: a) a decrease in demand- a leftward shift of the demand curve-- for coffee. b) an increase in demand- a rightward shift of the demand curve-- for cream. c) an upward movement (decrease in quantity demanded) along the demand curve for coffee. d)a downward movement ( increase in quantity demanded) along the demand curve for cream. Is the answer C?
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter19: Elasticity
Section: Chapter Questions
Problem 6QP: Suppose a straight-line downward-sloping demand curve shifts rightward. Is the price elasticity of...
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Coffee and cream are complements. If the price of coffee increases, this will cause:
a) a decrease in demand- a leftward shift of the demand curve-- for coffee.
b) an increase in demand- a rightward shift of the demand curve-- for cream.
c) an upward movement (decrease in quantity demanded) along the demand curve for coffee.
d)a downward movement ( increase in quantity demanded) along the demand curve for cream.
Is the answer C?
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