Answer:
If bacon and eggs are complementary goods, a rise in the price of eggs will decrease the demand for bacon.
Answer - B
Explanation:
Complementary goods are those goods which are related and can be consumed together. For example, a phone charge complements a phone. A matchbox or lighter complements a cigarette. Complementary goods tend to have an inverse relationship. When the price of one good increases, the demand for the other decreases.
This can be explained in detail with the provided example.
When people consume bacon and eggs together, a rise in price of eggs means that they will demand less and purchase less of eggs. Without eggs, they may not want to purchase bacon either (assuming they do not want to consume it without eggs). Therefore, the demand for bacon will also decrease.
Hope this helps :)
Of course equilibrium can only occur at One price.
Answer: The market for homes will be higher when there is increase in the amount of homes being built. In addition, the location of a house determines the cost of the house. For instance, a house located in an urban environment will cost more than the one located in a rural area. Irrespective of having the same components or features, the price will always vary.
Explanation:
Fort Myers is a commercial centre of Lee County, Florida. It is a major tourist destination in Florida. It is a metro city with job markets and a nice quality of live. Between 1994 and 2006, the prices of Fort Myers homes increased more than the rate of inflation. This is due to the quality of life and location of Fort Myers. An increase in the number of houses built increaseD the market for homes. This raised the price of houses higher than the inflation rate.
D-Information Support and Services
Answer:
The answer is 240 billion dollars.
Explanation:
The increase in government purchases will lead to an increase in income, generating an initial change in consumption equal to $240 billion.