107 727
Assignments Done
100%
Successfully Done
In April 2024
In April 2024
Your physics assignments can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Physics
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Math
Our experts will gladly share their knowledge and help you with programming projects. Keep up with the world’s newest programming trends.
Programming
Answer to Question #106776 in Microeconomics for Steve
Question #106776
Assume that cooking gas and stoves are complements. When the price of cooking has goes up the demand curve for stoves:
1) shifts to the left
2) shifts to the right
3) remains constant
4) shifts to the right initially and then returns to its original position
5) shifts to the left simultaneously with demand curve for cooking gas
1) shifts to the left
2) shifts to the right
3) remains constant
4) shifts to the right initially and then returns to its original position
5) shifts to the left simultaneously with demand curve for cooking gas
Expert's answer
Correct answer is 1).
Because when two goods are complements, than if the price of one good goes up, the demand for the other good decreases, which is shown in shift of demand curve to the left.
Learn more about our help with Assignments: Microeconomics
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
#340153 on Dec 2023
#340153 on Dec 2023
Comments
Dear visitor, please use panel for submitting new questions
The demand for potatoes is Qd=120-p Supply of potatoes is Qs= 5p What is the equilibrium quantity of potatoes?
Leave a comment