Suppose the demand for books goes down when the price of video games goes down. We can say that these two goods are A. perfect substitutes. B. substitutes. C. unrelated goods. D. complements.
1 answer
Question:
Suppose the demand for books goes down when the price of video games goes down. We can say that these two goods are A. perfect substitutes. B. substitutes. C. unrelated goods. D. complements.
Answers
Answer:B.SubstitutesExplanation:Two goods are substitutes when they compete between each other, one of them can be used in replace of the other good.If the price of video games goes down, then video games are now relatively cheaper. This actually makes relatively attractive to buy more video games.Because buying more video games is cheaper (because for example, China produces more videogames at a very low cost, sothey are available at a very good price), when choosing between books and video games, people will chose video games (because they are cheaper) , decreasing books' demand, because they can substitute books by videogames .
Similar Solved Questions
1 answer
Dan has a total of 12 bill in his wallet. Some are $5 bills and the rest are $10 bills. The total value of the 12 bills is $115. How many $5 bills and how many $10 bills does he have?
Dan has a total of 12 bill in his wallet.
Some are $5 bills and the rest are $10 bills.
The total value of the 12 bills is $115.
How many $5 bills and how many $10 bills does he have?...
2 answers
Which statement best describes f(6) = 12? When the input is 6, the output must be 12. O When the input is 12, the output must be 6. O When the output is 6, the input must be 12. O When the output is 12, the input must be 6.
Which statement best describes f(6) = 12?
When the input is 6, the output must be 12.
O When the input is 12, the output must be 6.
O When the output is 6, the input must be 12.
O When the output is 12, the input must be 6....
2 answers
You are at the store and see that shirts and jeans are on sale. Shirts are $10 and jeans are $20. If you buy 3 shirts and 2 pairs of jeans, what is your total bill? someone help please show how you solved it
You are at the store and see that shirts and jeans are on sale. Shirts are $10 and jeans are $20. If you buy 3 shirts and 2 pairs of jeans, what is your total bill? someone help please show how you solved it...
2 answers
A diplomat/ambassador is... Question 9 options: an official representative of a country's government a rule the president gives out someone who can introduce bills a voter
A diplomat/ambassador is...
Question 9 options:
an official representative of a country's government
a rule the president gives out
someone who can introduce bills
a voter...
2 answers
Complete the square. Can you show how please, I'm lost X^2 + 20x - 4y + 100 = 0
Complete the square.
Can you show how please, I'm lost
X^2 + 20x - 4y + 100 = 0...
2 answers
Which of the following hints apply to conflict resolution? A. Do not calm down the situation. B. Allow everyone to talk at once. C. Listen to the needs and feelings of others. D. Avoid taking responsibility for personal actions.
Which of the following hints apply to conflict resolution? A. Do not calm down the situation. B. Allow everyone to talk at once. C. Listen to the needs and feelings of others. D. Avoid taking responsibility for personal actions....
2 answers
What is the best definition of an essay? A. An exploration of ideas B. A historical narrative C. A call to action D. A factual document
what is the best definition of an essay?
A. An exploration of ideas
B. A historical narrative
C. A call to action
D. A factual document...
2 answers
Which of these would be a part of a force diagram for this image? Check all that apply. a dot that represents the box a vector labeled Fg, pointing straight down a vector labeled Fy, pointing straight up, directly opposite F a vector labeled Fp, pointing parallel to and down the ramp a vector labeled Fs, pointing parallel to and up the ramp
Which of these would be a part of a force diagram for
this image? Check all that apply.
a dot that represents the box
a vector labeled Fg, pointing straight down
a vector labeled Fy, pointing straight up, directly
opposite F
a vector labeled Fp, pointing parallel to and down
the ramp
a vector labele...
1 answer
How does a higher heat capacity affect the amount of time it takes for an object’s temperature to change?
How does a higher heat capacity affect the amount of time it takes for an object’s temperature to change?...
2 answers
When it came to interpreting the Constitution and the powers given to the federal government, President Jefferson would be considered a Individual Interpretation Congressional Interpretation Strict constructionist Loose constructionist
When it came to interpreting the Constitution and the powers given to the federal government, President Jefferson would be considered a Individual Interpretation Congressional Interpretation Strict constructionist Loose constructionist...
1 answer
Why is photosynthesis an endothermic reaction? A. The heat content (q) of the reaction is negative. B. A large amount of energy is released into the surroundings. C. A large amount of energy is required to activate the reaction. D. The temperature of the surroundings increases. E. There is no exchange of energy between the system and the surroundings.
Why is photosynthesis an endothermic reaction?
A.
The heat content (q) of the reaction is negative.
B.
A large amount of energy is released into the surroundings.
C.
A large amount of energy is required to activate the reaction.
D.
The temperature of the surroundings increases.
E.
There is no e...
1 answer
Which of the following correctly describes the Three-Fifths Compromise?
Which of the following correctly describes the Three-Fifths Compromise?...
1 answer
A banquet hall offers two types of tables for rent: 6-person rectangular tables at a cost of $28 each and 10-person round tables at a cost of $52 each. Kathleen would like to rent the hall for a wedding banquet and needs tables for 250 people. The hall can have a maximum of 35 tables, and the hall has only 15 rectangular tables available. How many of each type of table should be rented to minimize cost and what is the minimum cost?
A banquet hall offers two types of tables for rent: 6-person rectangular tables at a cost of $28 each and 10-person round tables at a cost of $52 each. Kathleen would like to rent the hall for a wedding banquet and needs tables for 250 people. The hall can have a maximum of 35 tables, and the hall h...
1 answer
Research the internet and develop a list of three important rules/standards you will give to the team to help everyone easily find documents in the future.
research the internet and develop a list of three important rules/standards you will give to the team to help everyone easily find documents in the future....
2 answers
Witch printer covers a large range of colors than any other printer does
Witch printer covers a large range of colors than any other printer does...