The Price of Good a Goes Up

question 38

Multiple Choice

The price of good A goes up. As a result the demand for good B shifts to the left. From this we can infer that:

• A) good A is a normal good.
• B) good B is an inferior good.
• C) goods A and B are substitutes.
• D) goods A and B are complements.
• E) none of the above

---

Definitions:

Coefficients

Numerical or constant multipliers that are placed before variables in equations to denote how many units of the variable are involved.

Gaseous Reaction

A chemical reaction that involves substances in the gas phase.

Final Mixture

The end product of a process in which two or more substances are combined, yielding a uniform composition throughout.

Reactants

Components initially present when a chemical reaction begins, that are absorbed in producing the end results.