If Good B Is a Complement to Good A, Then

question 50

Multiple Choice

If good B is a complement to good A, then a rise in the price of B

• A)increases the quantity demanded of A
• B)decreases the demand for A
• C)increases the demand for A
• D)decreases the quantity demanded of A
• E)will cause the demand for B to increase

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Definitions:

Functional Level

The operational layer in an organization that focuses on specific business functions such as marketing, finance, or production.

Society

A community organized around common traditions, institutions, or national identity.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities, aiming to generate profits through the provision of goods or services.

Trade Group

A coalition of businesses or professionals within a specific industry organized to collectively advocate for their common interests and goals.