If Two Goods Are Substitutes, a Decrease in the Price

question 104

True/False

If two goods are substitutes, a decrease in the price of one will result in an increase in demand for the other.

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Definitions:

College Student Samples

Research participants who are college or university students, often used in psychological and social studies.

Subdiscipline

A specialized field or area that is part of a broader discipline.

Children

Young human beings below the age of puberty or below the legal age of majority.

Psychology

The scientific study of the mind and behavior, exploring facets of human and non-human animal functions including perceptions, cognition, emotion, personality, behavior, and interpersonal relationships.