If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are ?

Related Mcqs:

Suppose a frost destroys much of the Florida orange crop. At the same time, suppose consumer tastes shift toward orange juice, What would we expect to happen to the equilibrium price and quantity in the market for orange juice ?

A. price will decrease, quantity is ambiguous B. The impact on both price and quantity is ambiguous. C. Price will increase, quantity will increase D. price will increase, quantity will decrease E. price will increase, quantity is ambiguous....

It is necessary to ration a good whenever ?

A. supply exceeds demand B. a surplus exists C. there is perfectly inelastic demand for the good D. demand exceeds supply...

The problem posed by a natural monopoly is that it faces a _____ This means that _______?

A. increasing average cost curve, marginal cost lies above average cost B. increasing average cost curve, marginal cost lies below average cost C. decreasing average cost curve marginal cost lies above average cost D. decreasing average cost curve, marginal cost lies below average cost...

The price mechanism does not act as a ?

A. Signal B. Incentive C. Rationing device D. Indicator of income...

Satellite television subscription and television detection devices are ways in which broadcasting companies address the ________ problem?

A. externality B. market imperfection C. deadweight burden D. free rider...