-Refer to the Graphs Above to Answer This Question

question 52

Multiple Choice

-Refer to the graphs above to answer this question.Suppose that the price of nuts decreases from P₁ to P₂ and the demand curve for chocolates shifts to the right from D₁ to D₂.What is the relationship between nuts and chocolates?

• A)The demand for nuts and chocolates must be unit elastic.
• B)Nut and chocolates must be substitutes.
• C)The cross-elasticity coefficient of demand for both nuts and chocolates must be positive.
• D)Nuts and chocolates must be complements.
• E)There is no relationship between nuts and chocolates.

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Definitions:

Visuospatial Sketchpad

The visuospatial sketchpad is a component of the working memory model responsible for processing and manipulating visual and spatial information.

Prospective Memory

Remembering to perform a planned action or recall a planned intention at some future point in time.

Executive Control System

The brain's mechanism for managing attention, planning, regulating emotions, and executing tasks.

Short-Term Memory Capacity

The amount of information that can be held in the mind briefly, typically for about 20 to 30 seconds.