an increase in the price of one good can cause a decrease in the demand for another good if the goods are…

an increase in the price of one good can cause a decrease in the demand for another good if the goods are: complements. unrelated to each other. substitutes. both inferior. question 7 1 pts which of the following is not held constant along a given supply curve for a good? taxes. technology. the cost of factors of production. price. question 8 1 pts the space on the freeway is fixed at any instant of time. a supply curve that shows this is downward sloping. perfectly horizontal. perfectly vertical. upward sloping but not vertical.

an increase in the price of one good can cause a decrease in the demand for another good if the goods are: complements. unrelated to each other. substitutes. both inferior. question 7 1 pts which of the following is not held constant along a given supply curve for a good? taxes. technology. the cost of factors of production. price. question 8 1 pts the space on the freeway is fixed at any instant of time. a supply curve that shows this is downward sloping. perfectly horizontal. perfectly vertical. upward sloping but not vertical.

Answer

Brief Explanations:

  • For the first question, complements are goods used together. When the price of one good increases, the demand for its complement decreases as they are consumed jointly.
  • For the second question, along a supply - curve, factors like taxes, technology, and cost of production are held constant, while price varies as it is plotted on the x - axis.
  • For the third question, since the space on the freeway is fixed at any instant of time, the quantity supplied does not change with price, resulting in a perfectly vertical supply curve.

Answer:

  • Question 1: Complements
  • Question 2: Price
  • Question 3: perfectly vertical