State whether the following pairs of goods are complements, or substitutes, or both. (L03) a. Washing machines
Question:
a. Washing machines and dryers.
b. Tennis rackets and tennis balls.
c. Ice cream and chocolate.
d. Cloth diapers and disposable diapers.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
Two goods are complements if an increase in the price ...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Which of the following pairs of goods are complements and which are substitutes? Are the goods that are substitutes likely to be perfect substitutes for some or all consumers? a. A popular novel and...
-
For each of the following pairs of goods, determine whether the goods are substitutes, complements, or unrelated: a. Peanut butter and jelly b. Private and public transportation c. Coke and Pepsi d....
-
State whether the following characteristics are primarily associated with public or private sector projects: large initial investment, park user fees, short-life projects, profit, disbenefits,...
-
Explain how community service staff members can monitor the impact of work undertaken and/or services provided in line with the scope of their own work role?
-
In a survey, Fortune rated companies on a 0 to 10 scale. A random sample of 10 firms and their scores is as follows. FedEx 8.94, Walt Disney 8.76, CHS 8.67, McDonald's 7.82, CVS 6.80, Safeway 6.57,...
-
Steam enters an adiabatic nozzle steadily at 3 MPa, 670 K, 50 m/s, and exits at 2 MPa. If the nozzle has an inlet area of 7 cm2 and an adiabatic efficiency of 90%. Determine (a) The exit velocity....
-
What is the role of navigation in user interface?
-
A Wall Street Journal article reported that 15 of the 30 NBA teams have employees whose sole responsibility is to analyze data. The information compiled by these statheads is then used to help make...
-
Provide a specific example of Newton's First Law of Motion from your life. How does this example demonstrate the First Law?
-
The Protek Company is a large manufacturer and distributor of electronic components. Because of some successful new products marketed to manufacturers of personal computers, the firm has recently...
-
An Arizona student claims to have spotted a UFO over the desert outside of Tucson. How will his claim affect the supply (not the quantity supplied) of binoculars in Tucson stores?
-
How will an increase in the birth rate affect the equilibrium price of land?
-
Mountain climbers carry bottled oxygen when at very high altitudes. (a) Assuming that a mountain climber uses oxygen at twice the rate for climbing 116 stairs per minute (because of low air...
-
On November 1, 2014, Olympic Company adopted a share-option plan that granted options to key executives to purchase 40,000 shares of the companys 10 par value ordinary shares. The options were...
-
Parnevik Company has the following investments in its investment portfolio on December 31, 2015 (all investments were purchased in 2015): (1) 3,000 ordinary shares of Anderson Co. which cost...
-
During 2014, Matsumura Corporation spent 170,000 in research costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2014, and had a legal life...
-
Ortiz purchased a piece of equipment that cost R$202,000 on January 1, 2015. The equipment has the following components. Compute the depreciation expense for this equipment at December 31, 2015....
-
On March 1, 2015, Parnevik Company sold goods to Goosen Inc. for 660,000 in exchange for a 5-year, zero-interest-bearing note in the face amount of 1,062,937. The goods have an inventory cost on...
-
Find the lengths of the curves. If you have a grapher, you may want to graph these curves to see what they look like. y = (3/4)x 4/3 - (3/8)x 2/3 + 5, 1 x 8
-
Grace is training to be an airplane pilot and must complete five days of flying training in October with at least one day of rest between trainings. How many ways can Grace schedule her flying...
-
Consider a country that imports a good from abroad. For each of following statements, say whether it is true or false. Explain your answer. a. The greater the elasticity of demand, the greater the...
-
Having rejected a tariff on textiles (a tax on imports), the president of Isoland is now considering the same-sized tax on textile consumption (including both imported and domestically produced...
-
Assume the United States is an importer of televisions and there are no trade restrictions. U.S. consumers buy 1 million televisions per year, of which 400,000 are produced domestically and 600,000...
-
The $7,800 has already been spent or committed. What does the relevant income or loss represent for Flagstone?
-
The following table gives the counts for three price categories of 508 stocks in a stock portfolio. Price $0-$49.99 Count 153 $50-$99.99 206 $100 or higher 149 Find the probability that a stock in...
-
Mel made the following gifts to his children during 2018: Mel gave $200,000 of separate property to Hanna. Mel paid $308,000 to Stanford for Christian's undergraduate tuition. Mel gave Christian a...
Study smarter with the SolutionInn App