Two Goods Are Substitutes If

question 269

Multiple Choice

Two goods are substitutes if:

• A) the demand for one good decreases when the price of the other decreases.
• B) the supply of one good decreases when the price of the other decreases.
• C) the supply of one good decreases when the price of the other increases.
• D) the demand for one good decreases when the price of the other increases.

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Definitions:

Natural Selection

The mechanism of evolution proposed by Charles Darwin; the tendency of organisms that have favorable adaptations to their environment to survive and become the parents of the next generation. Evolution occurs when natural selection results in changes in allele frequencies in a population. Compare with artificial selection.

Organisms

Living beings that grow, reproduce, respond to external stimuli, and maintain homeostasis.

Hereditary Information

Genetic material passed from parents to offspring, determining inherited traits and characteristics.

Genes

Units of heredity made up of DNA, responsible for guiding the development and functioning of organisms.