Two Goods Are Considered Substitutes If

question 129

Multiple Choice

Two goods are considered substitutes 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:

Chondrocytes

Cells found within the cartilage that produce and maintain the cartilaginous matrix.

Cartilage

A flexible, rubbery connective tissue found in various parts of the body, such as the joints, ear, and nose, providing support and structure.

Multinucleate Cells

Cells that contain more than one nucleus, which are often found in muscle fibers and certain types of bone marrow cells.