Suppose You Have 2 Goods,X and Y

question 160

Multiple Choice

Suppose you have 2 goods,X and Y.If the price of X increases and you buy more Y,then X and Y are

• A) substitutes.
• B) normal goods.
• C) complements.
• D) inferior goods.

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Definitions:

Cognitive Developmental Strategies

Techniques or methods used to improve or enhance an individual's learning process through the development of thinking and understanding.

Employee Development

Activities or programs provided by an employer to enhance the knowledge, skills, and abilities of employees, fostering growth and career advancement.

Competency-Based Approach

A method of assessment and development that focuses on an individual's skills, knowledge, and behaviors as they relate to job requirements.

Role-Playing

A training technique that requires trainees to assume different identities in order to learn how others feel under different circumstances.