Marc Consumes Apples (X)and Oranges (Y)

question 25

Multiple Choice

Marc consumes apples (x) and oranges (y) . If Marc's demand function for apples is given by: x =
Mp_y/2p_x and Marc's demand for oranges is given by: x = Mp_x/2p_y, then apples and oranges are:

• A)inferior goods.
• B)inessential goods.
• C)complements.
• D)substitutes.

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Definitions:

Concessions

Compromises made by one party to another during negotiations in order to reach an agreement or resolve a conflict.

Play Down Differences

The act of minimizing or understating the importance of disparities or variations among people or situations.

Accommodation

The process of adjusting one's behavior or thinking to align with others' expectations or to cope with new information.

Conflict Management Strategy

An approach for handling disputes and disagreements in an effective manner to find a resolution.