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When the price of a bicycle falls from $220 to $180 and other things remain the same, I. the quantity demanded of bicycles increases from 150 to 250 an hour.
II. the quantity demanded of skateboards decreases from 125 to 75 an hour.
III. the quantity demanded of bicycle helmets increases from 170 to 230 an hour.
Skateboards and bicycles are ________ because a fall in the price of a bicycle brings ________ in the quantity demanded of skateboards. The cross elasticity of demand for skateboards with respect to bicycles is ________.
Unnecessary Conflict
Disputes or disagreements that arise due to misunderstandings, lack of communication, or non-critical differences, often avoidable.
Avoidance-Avoidance Conflict
A psychological conflict that occurs when an individual must choose between two equally negative or undesirable options.
Conflict
A situation or process in which individuals or groups have incompatible goals, interests, or values, leading to disagreements or disputes.
Process
A series of actions or steps taken to achieve a particular end, often involving a methodical or systematic approach.
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