Two Goods Are Considered Substitutes Only If

question 102

Multiple Choice

Two goods are considered substitutes only if

• A) a decrease in the demand for one leads to a decrease in the supply of the other
• B) an increase in the demand for one leads to a decrease in the supply of the other
• C) an increase in the price of one leads to an increase in the demand for the other
• D) a decrease in the price of one leads to an increase in the demand for the other
• E) a decrease in the supply of one leads producers to switch to production of the other

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Definitions:

Eukaryotes

Organisms whose cells contain a nucleus enclosed within membranes, distinguishing them from prokaryotic cells, which lack a membrane-bound nucleus.

Multicellular

Organisms that are made up of more than one cell, including a vast majority of lifeforms from plants and animals to fungi.

Terrestrial

Pertaining to land or earth, describing organisms that live and thrive on solid ground, as opposed to aquatic or aerial environments.

Plantae

A kingdom comprising all plants, characterized by being multicellular, eukaryotic, and photosynthetic.