Business, 09.09.2019 21:30 viktoria1198zz
Wine and cheese are complement goods because they are consumed together. what would you expect to happen to the equilibrium quantity of cheese if the price of wine increased and all else is held constant?
a. it would increase because of a supply shift
b. it would increase because of a demand shift
c. it would be ambiguous because of a double shift (in both demand and supply).
d it would decrease because of a supply shift
e. it would decrease because of a demand shift
Answers: 2
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Wine and cheese are complement goods because they are consumed together. what would you expect to ha...
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