If Cigars and Cigarettes Are Substitute Goods, an Increase in the Price

question 492

Multiple Choice

If cigars and cigarettes are substitute goods, an increase in the price of cigars would result in

• A) an increase in the demand for cigarettes.
• B) a decrease in the price of cigarettes.
• C) a decrease in the demand for cigarettes.
• D) a decrease in the demand for cigars.

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Definitions:

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing thoughts, motivations, and behaviors across situations and time.

Dizygotic Twins

Also known as fraternal twins, they are siblings that develop from two different eggs fertilized by two different sperm, sharing about 50% of their genetic makeup.

Fertilized Eggs

The result of a sperm cell merging with an egg cell, marking the beginning of a new organism's development.

Genetic Influences

The impact of genes inherited from parents on various aspects of an individual’s physical traits, behavior, and predisposition to certain conditions.