An Increase in the Price of Good X Causes the Demand

question 203

Multiple Choice

An increase in the price of good X causes the demand for good Y to shift inward. One can conclude that X and Y are:

• A) complements.
• B) substitutes.
• C) unrelated goods.
• D) normal goods.
• E) exceptions to the law of demand.

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Definitions:

Knowledge Program

A structured plan or initiative aimed at knowledge management, including the creation, sharing, and utilization of knowledge within an organization.

Job-relevant Skills

Abilities or expertise that are directly applicable and essential for performing specific tasks or duties within a job role.

Organisational Behaviour Modification

The systematic use of principles of behavior analysis to change and improve individuals' actions within an organizational setting.

Pleasant Consequence

A positive outcome or reward that follows a behavior, encouraging the repetition of that behavior.