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Question
pregunta 9 (2 puntos)
goods & services that must be used together are called ____.
a substitutes
b normal goods
c complements
d secondary goods
pregunta 10 (2 puntos)
the legal minimum price that a business can charge is called a/an ____.
a surplus
b price floor
c shortage
d price ceiling
Pregunta 9
To solve this, we recall economic terms: Substitutes are goods that replace each other. Normal goods are those whose demand increases with income. Complements are goods used together (e.g., printer and ink). Secondary goods are not a standard term for this concept. So the correct term for goods used together is complements.
We analyze the economic terms: Surplus is an excess of supply. Price floor is a legal minimum price (e.g., minimum wage). Shortage is excess demand. Price ceiling is a legal maximum price. So the legal minimum price a business can charge is a price floor.
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c. complements