If an Increase in the Price of Peaches Reduces the Demand

question 229

Multiple Choice

If an increase in the price of peaches reduces the demand for cream, this indicates that peaches and cream are

• A) normal goods.
• B) inferior goods.
• C) complements.
• D) substitutes.

---

Definitions:

Informed Consent

A process by which a fully informed patient can participate in choices about their health care.

Clinical Equipoise

A concept in medical research ethics that requires genuine uncertainty within the expert medical community about the comparative therapeutic merits of each arm in a clinical trial.

Randomized Clinical Trials

A research study in which participants are randomly assigned to groups to test the effectiveness of treatments or interventions.

Informed Consent

The process by which a patient voluntarily agrees to a proposed medical procedure, after understanding the risks, benefits, and alternatives.