A "Twofold" Change Is When

question 70

Multiple Choice

A "twofold" change is when

• A) income goes up and then it goes down.
• B) the equilibrium price of both a complement and a substitute changes.
• C) supply and demand both shift.
• D) equilibrium price and equilibrium quantity both change.
• E) some input costs go up and some go down.

---

Definitions:

Hard Cost

Direct, tangible expenses associated with a project or investment, such as materials and labor costs.

Recruiting Fees

Costs associated with the process of identifying, attracting, and selecting candidates for employment.

Learning Curve Gaps

Discrepancies in knowledge or capability that occur as individuals or groups progress at different rates when acquiring new skills or information.

Racially Segregated

The enforced separation of different racial groups in daily life, such as in schooling, housing, and the use of public facilities.