Suppose that low-fat milk and cream are complements in, Ask an Expert

Economics

Suppose that low-fat milk and cream are complements in production. A decrease in the price of cream will result in _________

a. A decrease in the supply of low-fat milk.

b. An increase in the supply of cream

c. An increase in the demand for cream

d. An increase in the supply of low-fat milk

Why chose 1 rather than 4

A decrease in the supply of low-fat milk

An increase in the supply of cream

An increase in the demand for cream

An increase in the supply of low-fat milk

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91234532

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