تم الحل ✓
categoryاقتصاد عام
schoolبكالوريوس
event_available2026-07-15
السؤال
Transcribed Image Text:
5.3 Do you agree or disagree with each of the following
statements? Briefly explain your answers and illustrate
each with supply and demand curves.
a. The price of a good rises, causing the demand for another
good to fall. Therefore, the two goods are substitutes.
b. A shift in supply causes the price of a good to fall. The
shift must have been an increase in supply.
c. During 2009, incomes fell sharply for many Americans.
This change would likely lead to a decrease in the prices of
both normal and inferior goods.
d. Two normal goods cannot be substitutes for each other.
e. If demand increases and supply increases at the same
time, price will clearly rise.
f. The price of good A falls. This causes an increase in the price
of good B. Therefore, goods A and B are complements.
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