If a 5 Percent Increase in the Price of Good

question 311

Multiple Choice

If a 5 percent increase in the price of good A leads to a 4 percent decrease in the demand for good B, then

• A) the goods are substitutes.
• B) only one good is a normal good.
• C) the goods are complements.
• D) both goods are normal goods.

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Definitions:

Voice

The employee's ability to express ideas, opinions, or concerns within the workplace, influencing decision-making processes and organizational changes.

Form

The structure, shape, or appearance of something, often referred to in contexts such as art, design, or documentation.

Climate

The general environment or atmosphere within an organization, often reflecting the employees' perceptions and attitudes about the company's culture and management practices.

Psychological Safety

The belief that one can speak up, take risks, or admit mistakes without fear of punishment or humiliation within a team or organization.