. If the equilibrium price increases and the equilibrium output decreases then what must have happened? /> Demand increased Demand decreased Supply increased Supply decreased None of the above because a decrease in output would not happen if price increases. 2. If the demand curve for product J increases as the result of a price increase in product K, then A. J and K are complementary goods. B. the number of consumers of product K has increased. C. J and K are substitute goods. D. goods J and K are not related. E. the income of consumers of product K has increased.

. If the equilibrium price increases and the equilibrium output decreases then what must have happened?

Demand increased

Demand decreased

Supply increased

Supply decreased

None of the above because a decrease in output would not happen if price increases.

If the demand curve for product J increases as the result of a price increase in product K, then

A.	J and K are complementary goods.
B.	the number of consumers of product K has increased.
C.	J and K are substitute goods.
D.	goods J and K are not related.
E.	the income of consumers of product K has increased.