Two Goods Are Substitutes If

question 47

Multiple Choice

Two goods are substitutes if:

• A) an increase in the price of one leads to a shift to the left in the demand curve for the other.
• B) an increase in the price of one leads to an increase in demand for the other.
• C) an increase in the price of one will increase the supply of the other.
• D) a fall in the price of one leads to a reduction in supply for the other.

Identify and apply various conflict management approaches.

Distinguish between substance, relationship, and process goals in negotiations.

Understand the principles of different negotiation approaches (e.g., distributive, integrative, principled negotiation).

Recognize conflict management techniques that lead to specific outcomes (win-lose, lose-lose).