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QUESTION 13 If the price of beef rose and the demand for chicken increased, then beef and chicken are: O complementary goods. O consumer goods. O inferior goods O substitute goods. QUESTION 14 An improvement in the technology of production for a specific good is expected to cause: O higher prices and increased quantity sold. O lower prices and increased quantity sold. O lower prices and decreased quantity sold. O higher prices and decreased quantity sold. QUESTION 15 Two months ago, the Marbury Shirt company sold 200 shirts at $30 per shirt. This month it sold 300 shirts at $35 per shirt. Evidently the company experienced a(n): O decrease in demand. O increase in demand. O decrease in supply O increase in supply. QUESTION 16 Over a period of time both the price and the quantity sold of a certain product have increased. One possible explanation might be that O supply increased over time, while demand remained the same. O demand increased over time, while supply remained the same. O supply decreased over time, while demand remained the same. O supply increased over time, while demand declined