# If computers and software are complements then a a

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Chapter 6 / Exercise 11
Microeconomics: A Contemporary Introduction
McEachern
Expert Verified
169. If computers and software are complements, then a. a fall in the price of computers will increase the demand for software and, ceteris paribus , the price of software will rise. b. a rise in the price of computers will decrease the demand for software and, ceteris paribus , the price of software will rise. c. a fall in the price of computers will decrease the demand for software and, ceteris paribus , the price of software will fall. d. a rise in the price of software will increase the demand for computers and, ceteris paribus , the price of computers will rise. e. a fall in the price of software will decrease the demand for computers and, ceteris paribus , the price of computers will fall. ANS: a
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Chapter 6 / Exercise 11
Microeconomics: A Contemporary Introduction
McEachern
Expert Verified
Supply and Demand: Theory 102 170. What condition is necessary before ticket scalping is possible? a
171. A __________ is a government-mandated maximum price __________ which legal trades cannot be made. c
172. Which of the following statements is true? e
173. If the current market price is below equilibrium a. it must be because the government has imposed a price ceiling. b. there is a shortage of the product. c. there is a surplus of the product. d. demand must necessarily decrease to restore equilibrium. e. a and b ANS: b
174. If the price of good X is \$40 and the price of good Y is \$30, it follows that the relative price of one unit of good X is d
103 Chapter 3 175. If the price of good X is \$100 and the price of good Y is \$20, it follows that the relative price of one unit of good Y is b