Two items which are complements in consumption
Course:- Macroeconomics
Reference No.:- EM1338068

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Macroeconomics

Supply and demand

A few questions to clarify supply and demand:

If the number of producers for a product declines- what happens to the supply and demand of that product?

If you have two items that are complements in consumption and the price of one of them goes up, what happens to the demand of each of the items?


Put your comment

Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
Suppose that Carl's budget is $20 and that apples cost $5 per unit and bananas cost $2 per unit. Draw our model of the optimal bundle with Apples on the horizontal axis. (Yo
Explain how the incentives effects of each of the following hypothetical taxes would cause people to change their behaviour; be sure to explain what people are likely to do
A securities analyst claims that, given a specific list of 6 common stocks, it is possible to predict, in the correct order, the 3 that wil perform best during the coming year
How does the challenge of civilian conflicts affect overall economic development in Nigeria or Georgia? What kind of conflict(s) impact most negatively prospect for poverty
Discuss the implications of government trade policies as they relate to the growth of the economy. What macroeconomic concepts are used in the theory of open economies?
Why do the economists use real GDP rather than nominal GDP to gauge economic well-being and discuss critically GDP as a measure of economic welfare and how each of the follow
Consider the situation of the US debt and deficit? Explain the problem. Is the deficit and the debt a problem to be dealt with or not? Explain. Why do those who worry say it i
How is the Patient and Affordable Care Act of 2010 (the "Health Care Reform Act") likely to reshape financial arrangements between hospitals, physicians, and other providers