If the Quantity of Gidgets Demanded Increases When the Price

question 14

Multiple Choice

If the quantity of gidgets demanded increases when the price of gadgets decreases

• A) gidgets and gadgets are substitutes.
• B) gidgets and gadgets are complements.
• C) gidgets are normal goods, while gadgets are inferior goods.
• D) gadgets are normal goods, while gidgets are inferior goods.

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Definitions:

Decoding

The process of interpreting and understanding communication signals or encoded messages.

Symbol

A mark, sign, or word that indicates, signifies, or is understood as representing an idea, object, or relationship.

Translating

The process of converting text or speech from one language to another, retaining the original meaning and context.

Purposeful

Being done with a clear intention or goal in mind.