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Type: Multiple-Choice
Category: Economics
Level: Continuing Education
Score: 1
Author: charleswatkins
Created: 7 years ago

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Continuing Education Economics

How can the demand for one good be affected by increased demand of another one?
  1. when goods are bought together, increased demand for one will decrease demand for the other.
  2. if goods are used together, increased demand for one will increase demand for the other.
  3. if goods are substitutes for each other, increased demand for one will increase demand for the other.
  4. a drop in price for a good will increase demand for the good and its substitute.
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