If a 10 Percent Increase in the Price of Good

question 194

Multiple Choice

If a 10 percent increase in the price of good A results in an increase of 5 percent in the quantity demanded of good B, then it can be concluded that goods A and B are

• A) complementary goods.
• B) substitute goods.
• C) independent goods.
• D) normal goods.

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Definitions:

Evolutionary History

The branch of biology that studies the origins and changes in the diversity of life over time.

Major Events

Significant occurrences or happenings, especially those that mark a particular period or are of historical importance.

Nonvascular Plants

Plants that lack a vascular system consisting of xylem and phloem, including mosses, liverworts, and hornworts.

Adapt

The process by which organisms adjust to changes in their environment to survive and reproduce, often involving genetic, behavioral, or physical modifications.