What Would the Effect on the Demand for Product a Be

question 5

Multiple Choice

What would the effect on the demand for product A be, as a result of an increase in the price of a substitute product?

• A) An inward shift in the supply curve for A
• B) An inward shift of the demand curve for A
• C) An outward shift of the demand curve for A
• D) A fall in the quantity demanded of product A

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Definitions:

General Adaptation Syndrome

A theoretical model describing the body's stress response in three stages: alarm, resistance, and exhaustion.

Nervous System

A collection of neurons and their interconnected fibers responsible for sending nerve messages across the body, integrating physical activities and sensory inputs.

Hormones

Chemical substances produced in the body that regulate the activity of cells or organs.

Psychologists

Professionals who study mental processes and behavior in humans and animals.