Question: The quantity demanded of mattresses increased due to a decrease in price. Because of this the demand for bed frames increased. In this example, mattresses

The quantity demanded of mattresses increased due to a decrease in price. Because of this the demand for bed frames increased. In this example, mattresses and bed frames are _____ goods.

Please choose the correct answer from the following choices, and then select the submit answer button.

Answer choices

normal

inferior

substitute

complementary

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Question 1 of 36 1 Points According to the data in Exhibit 18-3, the value added by the grocer is Value Added Sales Value (S) Production Stage Farmer sells wheat .50 Miller sells wheat .75 Baker...

Learning Objectives 3-1 By the end of this section, you will be able to: Explain demand, quantity demanded, and the law of demand Identify a demand curve and a supply curve Explain supply, quantity...

Files 12:56 PM Mon May 16 25% Unit+2+workbook Q . . . Home Insert Draw Layout Review View Calibri Bold (Body) 36 B I U aAv A v Unit 2-Supply and Demand Name: HR: LAW OF SUPPLY Use the space below to...

just multiple choice and short questions .......................... Wentworth Institute ASSESSMENT COVER SHEET STUDENT SURNAME: UNIT CODE NO: FNSINC601 STUDENT FIRST NAME: UNIT NAME: Apply economic...

Can you please help me solve these 10 Econ questions? I also attached the chapter just in case. Thanks so much!! :) MARKETS AND HOW THEY WORK 177 9.0 CHAPTER 9 LEARNING GOALS After reading this...

Group Presentation Christus Spohn I. II. III. IV. Outline Problem a. Effective Staffing Under Numerous Constraints i. Short Staffing 1. Have too much staff/don't have enough staff 2. Work standard...

From your personal experience, give examples of three goods that (for you) have the following income elasticity of demand: +4, + 2.5,-1 Explain what these coefficients mean. 6.1 Price Elasticity of...

Demand Estimation Assignment Charlies Charlies Meat Market sells a variety of high-quality meats in Memphis, TN. While they have been in business several years, they have approached you to provide...

1.When quantity demanded exceeds quantity supplied, a shortage occurs and prices are pushed down toward equilibrium. False True 2.Which enterprise is NOT an example of a market? painting one's house...

Pine Company has a degree of operating leverage of 8. Fir Company has a degree of operating leverage of 4. Interpret these measures.

A plane is flying at 25.0 north of west at 190 km/h and encounters a wind from 15.0 north of east at 45.0 km/h. What is the planes new velocity with respect to the ground in standard position?

The Rich Content Editor has encountered an issue. It has been logged for your instructor to review. Please refresh and try again. 8 5 points Given the following database made of 2 tables to track...

What might be a challenge for someone wanting to become a successful entrepreneur? Multiple Choice a desire to control one's own destiny an external locus of control a willingness to take risks the...

Working individually or in groups, use the point system described in steps 1 to 16 in this chapter. Do so for a job description that you find onlinethe list at http://hiring...

Review our discussion of competencies in Chapter 4; then write three competency statements for one job you believe they would have at a company such as JLG. A useful competency statement includes...

Appendix A, PHR and SPHR Knowledge Base, at the end of this book (pages 580588) lists the knowledge someone studying for the HRCI certification exam needs to have in each area of human resource...