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Tju [1.3M]
3 years ago
15

The price of a complementary good changes. __________ Demand shifts Movement along demand Incomes in the economy​ change; the go

od is a normal good. __________ Demand shifts Movement along demand Incomes in the economy​ change; the good is an inferior good. __________ Movement along demand Demand shifts The price of the good itself increases. __________ Demand shifts Movement along demand The price of a substitute good changes.
Business
1 answer:
ad-work [718]3 years ago
4 0

NOTE: Your question isn't clear, Johnson. Would you mind checking it and writing it in a way you can be better helped?

Meanwhile, I hope these explanation below helps.

Answer and Explanation:

Two goods are said to be complementary goods if an increase in the price of a particular one leads to a commensurate decrease in the demand that buyers placed for the other one.

A good is said to be a normal good if the reason for an increase in demand is due to an increase in the income of the buyers.

A good is said to be an inferior good if there is a decrease in demand even though the buyers have experienced increase in their income.

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The production function for earthquake detectors​ (Q) is given as​ follows: Q​ = 4K​1/2L​1/2 where K is the amount of capital em
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3 0
4 years ago
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