If good B is a complement to good A, then a rise in the price of B

If good B is a complement to good A, then a rise in the price of B
 a. increases the quantity demanded of A
  b. decreases the demand for A
  c. increases the demand for A
  d. decreases the quantity demanded of A
  e. will cause the demand for B to increase

QUESTION 2

If good B is a complement to good A, then a decrease in the price of B
 a. increases the quantity demanded of A
  b. decreases the demand for A
  c. increases the demand for A
  d. decreases the quantity demanded of A
  e. will cause the demand for B to increase

QUESTION 3

If the price of potato chips increases, other things constant, demand for potato-chip dip will
 a. not change; only quantity demanded will change
  b. increase because the goods are substitutes
  c. decrease because the goods are substitutes
  d. decrease because the goods are complements
  e. increase because the goods are complements

QUESTION 4

Which of the following is the best example of complements?
 a. milk and cheese
  b. coffee and tea
  c. CDs and DVDs
  d. hiking boots and athletic shoes
  e. film and film processing (developing)

QUESTION 5

Sugar and honey are viewed as substitutes for each other in many cooking applications. If the price of sugar rises, we would expect
 a. the demand for honey to increase
  b. the demand for honey to decrease
  c. the quantity demanded of honey to decrease
  d. the price of honey to decrease
  e. the quantity demanded of honey to increase

QUESTION 6

An increase in the price of butter, a substitute good, would be most likely to cause
 a. a rightward shift of the demand curve for margarine
  b. a leftward shift of the demand curve for margarine
  c. the quantity of margarine demanded to increase
  d. the quantity of margarine demanded to decrease
  e. a decrease in the price of margarine

QUESTION 7

Which of the following will cause the demand curve for a normal good to shift to the right?
 a. a decrease in income
  b. an increase in the price of a complementary good
  c. a decrease in the price of the good
  d. an increase in the price of a substitute good
  e. an expectation of a future price decline

QUESTION 8

If the price of vanilla ice cream decreases, it is likely that
 a. demand for vanilla ice cream will increase
  b. demand for vanilla ice cream will decrease
  c. demand for chocolate ice cream will increase
  d. demand for chocolate ice cream will decrease
  e. the quantity demanded of vanilla ice cream will decrease

QUESTION 9

Two goods are considered substitutes only if a(n)
 a. decrease in the demand for one leads to a decrease in the supply of the other
  b. increase in the demand for one leads to a decrease in the supply of the other
  c. increase in the price of one leads to an increase in the demand for the other
  d. decrease in the price of one leads to an increase in the demand for the other
  e. decrease in the supply of one leads producers to switch to production of the other