Which of the following pairs of goods would be most

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Essentials of Economics
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Chapter 10 / Exercise 2
Essentials of Economics
Mankiw
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121. Which of the following pairs of goods would be most likely to be complements? a. olive oil and vegetable oil b. peanuts and peanut butter c. DVD's and DVD players d. hiking boots and tennis shoes e. all of the above ANSWER: c
POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Supply and Demand KEYWORDS: Bloom's: Comprehension 122. Which of the following pairs of goods would be most likely to be substitutes? b
POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Supply and Demand KEYWORDS: Bloom's: Comprehension
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Essentials of Economics
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Chapter 10 / Exercise 2
Essentials of Economics
Mankiw
Expert Verified
123. An increase in the number of sellers of a good will, ceteris paribus, __________________ for that good. c
POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Supply and Demand KEYWORDS: Bloom's: Application 124. A(n) _______________ good is one in which as income rises or falls, there is no change in the demand for the good. c
POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Supply and Demand KEYWORDS: Bloom's: Comprehension Exhibit 3-15 125. Refer to Exhibit 3-15. In Exhibit 3-15, a. there is a shortage of doctors at fee F 1 b. there is a surplus of doctors at fee F 1 . .
c. Q 3 doctors are employed at fee F 1 . d. Q 2 doctors are employed at fee F 1 . e. both a and c ANSWER: a POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Supply and Demand KEYWORDS: Bloom's: Application 126. Refer to Exhibit 3-15. In Exhibit 3-15, . . . c
POINTS: 1 DIFFICULTY: Challenging NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Supply and Demand KEYWORDS: Bloom's: Application

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