Question

quick ECON Q:

Answer 1

If the price of shampoo increased by 44%, there would be a ___________ in the ________________ .

Decrease; quantity of conditioner demanded.
Decrease; demand for conditioner.
Decrease; demand for shampoo.
Increase; price of conditioner.
Increase; demand for conditioner.

Answer 2

@Kevin @Will.H @retirEEd

Answer 3

economic law said, if the price increase then the quantity of demand would be decrease

Answer 4

I hope you got an idea :)

Answer 5

This kind of questions have a diagram normally.

is there any?

Answer 6

no.. and I think it is C but not sure

Answer 7

Im pretty sure its C..

Answer 8

Decrease; demand for shampoo.

Answer 9

that's right

Answer 10

yeah pretty sure ur correct @madhu.mukherjee.946

Answer 11

ok thank you!! I just needed some confirmation.. thanks guys!!

Answer 12

yw :D

Answer 13

@OtherWorldly thanks

Answer 14

but it can be also option A as shampoo and conditioners are complementary goods and we know complemetary goods are inversely related

Answer 15

the sentence is " if the price of shampoo...."

Answer 16

yeah so

Answer 17

there is no answer where both shampoo and conditioner are in it so pick the most likely answer

Answer 18

its similar like car and petrol

Answer 19

am not totally convinced tho
Normally when their is a higher demand on a specific item the price would increase too

In Kevin's case it would be right about the rare items such as Diamond and so on. but in case of Shampoo i do not think so

Answer 20

i think both options c and a are correct

Answer 21

^_^ the sentence is only talking about shampoo y r u thinking too much about things