mafairley03
New member
- Joined
- Jan 28, 2011
- Messages
- 1
I am not sure which forum I should be asking this question- I will post then you can tell me if I need to repost in another area? thanks ahead of time.
I am not sure if I need to come up with a hypothetical equation to create a supply and demand curve and if so, could you please help me with getting started? I am only going to list (1) statement in this forum.
Q: Do you agree or disagree with each of the following statements? Briefly explain your answers and illustrate each with supply and demand curves.
a. The price of a good rises, causing the demand for another good to fall. Therefore, the two goods are substitutes.
A: My thought is to, Disagree with this statement. They would be considered compliments of one another. But, I am unsure on how to graph this.
Thank you.
I am not sure if I need to come up with a hypothetical equation to create a supply and demand curve and if so, could you please help me with getting started? I am only going to list (1) statement in this forum.
Q: Do you agree or disagree with each of the following statements? Briefly explain your answers and illustrate each with supply and demand curves.
a. The price of a good rises, causing the demand for another good to fall. Therefore, the two goods are substitutes.
A: My thought is to, Disagree with this statement. They would be considered compliments of one another. But, I am unsure on how to graph this.
Thank you.