If the Price of One Good Increases and the Quantity

question 95

Multiple Choice

If the price of one good increases and the quantity demanded of a different good decreases, then these two goods are

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

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Definitions:

John McCain

An American politician and military officer who served as a United States Senator from Arizona from 1987 until his death in 2018 and was the Republican nominee for President in 2008.

Glenn Beck

An American conservative political commentator, radio host, and television producer, known for his right-wing views, and the founder of TheBlaze, a multiplatform news and entertainment network.

Ben Bernanke

is known as a prominent economist who served as the Chairman of the Federal Reserve, the central banking system of the United States, from 2006 to 2014.