The Demand for a Good Increases When the Price of a Substitute

question 412

Multiple Choice

The demand for a good increases when the price of a substitute ________ and also increases when the price of a complement ________.

• A) rises; rises
• B) rises; falls
• C) falls; rises
• D) falls; falls

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Definitions:

Weekend MBA

A Master of Business Administration program designed for working professionals, with classes and coursework scheduled on weekends.

Misrepresentation

The act of providing false or misleading information about a product or service.

Sales Puffery

Exaggerated or promotional claims about a product or service, not intended to be taken literally, often used in advertising.

Glowing Terms

Expressions of very high praise or an extremely positive nature.