If the price of K declines the demand curve for the complementary product J

If the price of k declines the demand curve for the

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22. If the price of K declines, the demand curve for the complementary product J will: A. shift to the left.B. shift to the right.C. decrease.D. remain unchanged. 23. The term "quantity demanded": 24. A decrease in the demand for recreational fishing boats might be caused by an increase in the: 25. Refer to the above diagram. An increase in quantity supplied is depicted by a: 26. A market is in equilibrium: A. provided there is no surplus of the product.B. at all prices above that shown by the intersection of the supply and demand curves.C. if the amount producers want to sell is equal to the amount consumers want to buy.D. whenever the demand curve is downsloping and the supply curve is upsloping.27. The rationing function of prices refers to the: 28. Which of the following will cause a decrease in market equilibrium price and an increase in equilibrium quantity?
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29.Refer to the above diagram, which shows demand and supply conditions in the competitive market for product X. If the initial demand and supply curves are D0and S0, equilibrium price and quantity will be: 30. Which of the following is a consequence of rent controls established to keep housing affordable for the poor? A.Less rental housing is available as prospective landlords find it unprofitable to rent at restricted prices.B.The quality of rental housing declines as landlords lack the funds and incentive to maintain properties.C. Apartment buildings are torn down in favor of office buildings, shopping malls, and other buildings where rents are not controlled.D. All of the above are consequences of rent controls.
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