Which of the following pairs is the best example of complements?
a. Coffee and tea. b. DVDs and tapes.
c. Hiking boots and athletic shoes. d. Tortillas and salsa.
QUESTION 2Demand for a good will always rise when:
a. the price of a complementary good falls.
b. the price of a substitute good falls.
c. tastes change.
d. incomes decrease.
e. the price of the good falls.
QUESTION 3Assume that crackers and soup are complementary goods. The effect on the soup market of an increase in the price of crackers (other things being equal) would best be described as a(n):
a. decrease in the quantity of soup demanded.
b. decrease in the demand for soup.
c. increase in the quantity of soup demanded.
d. increase in the demand for soup.
QUESTION 4Other things being equal, the effects of an increase in the price of crackers on the market for soup is represented by a(n):
a. downward movement along the demand curve for soup.
b. upward movement along the demand curve for soup.
c. rightward shift in the demand curve for soup.
d. leftward shift in the demand curve for soup.
QUESTION 5Assuming steak and potatoes are complements, other things being equal, an increase in the price of steak, will:
a. increase the demand for potatoes. b. decrease the demand for potatoes.
c. increase the demand for steak. d. decrease the demand for steak.
QUESTION 6Other things being equal, the effect of a decrease in the price of DVDs on the market for DVD players is a(n):
a. leftward shift in the demand curve for DVD players.
b. upward movement along the demand curve for DVD players.
c. rightward shift in the demand curve for DVD players.
d. downward movement along the demand curve for DVD players.
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