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Unformatted text preview: es the price of Dell laptops in Australia. c) Dell’s customised laptops become increasingly appealing. 4. When two goods, X and Y, are complements, which of the following occurs? a. An increase in the price of good X leads to an increase in the price of good Y. b. An increase in the price of good X leads to decrease in the quantity demanded of good Y. *c. An increase in the price of good X leads to a decrease in demand for good Y. d. An increase in the price of good X leads to an increase in demand for good Y. 5. Which of the following would cause a shift in the supply curve of a good to the right? a. A fall in the price of the good. b. A reduction in the price of an input used in the production process. c. An increase in demand for the good. d. A rise in the price of intermediate goods used in the production of the good. *6. Consider a market for running shoes. The demand for running shoes is given by QD 1000 4 P . The supply is given by QS P 20 . The current price of a pair of running shoes in the market...
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- Spring '14