Answer to Question #10802 in Microeconomics for Kourt

Question

10. The comedian Chris Rock has suggested that one way to reduce gun deaths is by making bullets cost $5,000 apiece. Assuming guns and bullets are complements, the effect of such a policy on the demand for guns would be
a. a movement along the demand curve down and to the right.
b. a movement along the demand curve up and to the left.
c. a shift of the demand curve to the right.
d. a shift of the demand curve to the left.

Answer 1

b. a movement along the demand curve up and to the left.
Assuming guns and bullets are complements the demand for guns will decrease sharply at once because its
price will rice very fast.