Question

If textbooks and study guides are complements, then an increase in the price of textbooks will result in a. more textbooks being sold b.no difference in the quantity sold of either good c. more study guides being sold d. fewer study guides being sold

Answer 1

Answer:

d. fewer study guides being sold

Explanation:

If there is an increase in the price of textbooks, it is fair to assume that demand for textbooks will fall and, thus, textbooks sales will also fall. When goods are complements, a decrease in demand for a certain good means that its complements will also experience a similar decrease in demand. Since textbooks and study guides are complements, the sales of study guides will also fall.

Therefore, the answer is d. fewer study guides being sold