Two Goods Are Said to Be Substitutes When a Fall

question 58

Multiple Choice

Two goods are said to be substitutes when a fall in the price of one good ________.

• A) leads to a rise in the price of the other good
• B) does not affect the demand for the other good
• C) leads to a leftward shift in the demand for the other good
• D) leads to a rightward shift in the demand for the other good

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Definitions:

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Tools and systems used for transmitting, receiving, and processing information.

Mass Media

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A movement in the 16th century that led to the creation of new Christian denominations separate from the Catholic Church, initiated by figures like Martin Luther and John Calvin.