If Products C and D Are Close Substitutes, an Increase

question 112

Multiple Choice

If products C and D are close substitutes, an increase in the price of C will

• A) tend to cause the price of D to fall.
• B) shift the demand curve for C to the left and the demand curve for D to the right.
• C) shift the demand curve for D to the right.
• D) shift the demand curves of both products to the right.

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Definitions:

Latency Stage

A phase in Freud's psychosexual development theory occurring from age six to puberty, where sexual urges are repressed and social and intellectual skills are developed.

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology.

Fathers

Male parents who play significant roles in the upbringing, education, and emotional development of their children.

After Divorce

The period or circumstances of an individual's life following the legal dissolution of their marriage.