Business, 18.09.2019 17:30, cravens511peeelg
Consider the markets for ball-point pens and the market for "rollerball" pens. suppose that, due to an increased cost of the metal that is used in "rollerball" pens, the prices of "rollerball" pens increase. there are no other changes. a. what would happen to the demand schedules of both products? the demand curve for ball-point pens would ; the demand curve for "rollerball" pens would . fill in increase, decrease, or not change. b. this is true because the two products have a unique relationship. what is the likely relationship between "rollerball" pens and ball-point pens? they are: i. complementary goodsii. substitute goodsiii. normal goodsiv. inferior goods
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Consider the markets for ball-point pens and the market for "rollerball" pens. suppose that, due to...
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