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:

Data Captured

Refers to the collection of information obtained for analysis or for making decisions, often through processes like surveys, observations, or with the use of technology.

Self-Service Systems

Technologies that allow individuals to perform tasks and services on their own, without the need for direct assistance from others.

Web-Based HR

Human resources services and functions that are accessible online through websites or platforms, allowing for remote management and access to HR tools.

HR Dashboard

A visual representation tool that displays key HR indicators, allowing management to track human resources performance and metrics.