Question
If products A and B are substitutes, products B and C are complements and the markets for product A and C are unrelated, which one
If products A and B are substitutes, products B and C are complements and the markets for
product A and C are unrelated, which one of the following statements regarding the markets for
product A, B, and C is true?
(4 Marks)
a) A decrease in the price of product A will result in an increase in the demand for product B
b) A decrease in the price of product A will result in an increase in the demand for product C
c) An increase in the price of product B will result in an increase in the demand for product C
d) An increase in the price of product B will result in increase in the demand for product A
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How China Escaped Shock Therapy The Market Reform Debate
Authors: Isabella M Weber
1st Edition
0429953968, 9780429953965
