Consider that tennis rackets and tennis balls are complements. If the price of tennis rackets decrease, what will happen in the market for tennis balls in the short-run? Answer questions 16 and 17 based on the situation: _____ 16) Which of the following changes will occur: a) Demand will increase b) Demand will decrease c) Supply will increase d) Supply will decrease   _____ 17) Which of the following changes will occur: a) Equiibrium price will increae and equilibrium quantity will increase b) Equiibrium price will decrease and equilibrium quantity will decrease c) Equiibrium price will decrease and equilibrium quantity will increase d) Equiibrium price will increase and equilibrium quantity will decrease

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter3: Market Demand And Supply
Section: Chapter Questions
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Consider that tennis rackets and tennis balls are complements. If the price of tennis rackets decrease, what will happen in the market for tennis balls in the short-run?

Answer questions 16 and 17 based on the situation:

_____ 16) Which of the following changes will occur:

a) Demand will increase

b) Demand will decrease

c) Supply will increase

d) Supply will decrease

 

_____ 17) Which of the following changes will occur:

a) Equiibrium price will increae and equilibrium quantity will increase

b) Equiibrium price will decrease and equilibrium quantity will decrease

c) Equiibrium price will decrease and equilibrium quantity will increase

d) Equiibrium price will increase and equilibrium quantity will decrease

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