Two Goods Are Substitutes If

question 47

Multiple Choice

Two goods are substitutes if:

• A) an increase in the price of one leads to a shift to the left in the demand curve for the other.
• B) an increase in the price of one leads to an increase in demand for the other.
• C) an increase in the price of one will increase the supply of the other.
• D) a fall in the price of one leads to a reduction in supply for the other.

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Definitions:

Urethra

A tube that connects the urinary bladder to the urinary meatus for the removal of fluids from the body.

Meatus

A natural passage or opening in the body, such as the external opening of the urethra.

Medulla

The inner region of an organ or tissue, especially the medulla oblongata in the brain or the inner part of the kidney.

Edema

Swelling caused by excess fluid trapped in the body's tissues.