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When an Increase in the Price of One Good Lowers

question 115

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When an increase in the price of one good lowers the price of another good, the two goods are called substitutes.


Definitions:

Flying Buttresses

Architectural features consisting of external supports that transfer the thrust of a vault or roof to support piers, critical in the construction of Gothic cathedrals.

Pointed Arches

Architectural elements with pointed tops, characteristic of Gothic architecture, that allow for taller and more slender structures.

Humanist

A humanist is someone who emphasizes the value and agency of human beings, individually and collectively, often preferring critical thinking and evidence over acceptance of dogma or superstition.

Rhetoric

The art of effective or persuasive speaking or writing, especially the use of figures of speech and other compositional techniques.

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