Introduction to Macroeconomics Answers

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An example of complementary goods would be

computers and printers.

cars and trucks.

sheets and towels.

food and clothing.

Goods that are considered to be needs tend to be

elastic when the price changes.

inelastic when the price changes.

elastic when the supply changes.

inelastic when the supply changes.

most

quantity.

price.

quality.

competition.

The graph shows a point of equilibrium.How many goods must be supplied to achieve equilibrium?

A reward or punishment that encourges people to behave in a certain way is called a(n)

want.

price ceiling.

equilibrium price.

incentive.

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