If a Rise in the Price of Good B Increases

question 132

Multiple Choice

If a rise in the price of good B increases the demand for good A, then

• A)A and B are substitutes.
• B)A and B are complements.
• C)the cross elasticity of demand between A and B is negative.
• D)A is a resource used in the production of B.
• E)the demand for A is price elastic.

---

Definitions:

Role Relationships

The dynamic interactions and expectations between individuals in different positions within an organizational or social structure.

Organizational Processes

The methods and routines through which a company operates and ensures that its goals and objectives are efficiently achieved.

Reengineering

A radical redesign of business processes to achieve dramatic improvements in critical aspects like cost, quality, service, and speed.

OD Technique

Organizational Development Technique refers to specific methods used to improve interpersonal, group, or organizational effectiveness.