The Table Given Below Reports the Quantity Demanded of a Good

question 73

Multiple Choice

The table given below reports the quantity demanded of a good by individuals 1, 2, and 3 at different prices.Table 3.1

-Other things remaining the same, when a fall in the price of one good is followed by an increase in the demand for another good, both goods are said to be:

• A)inferior goods.
• B)substitute goods.
• C)Giffen goods.
• D)public goods.
• E)complementary goods.

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Definitions:

Efferent Neuron

A type of neuron that carries signals away from the central nervous system towards the periphery to initiate action or movement.

Central Canal

The longitudinally extending space filled with cerebrospinal fluid that spans the full length of the spinal cord.

Gray Commissure

A narrow band of gray matter that connects the two halves of the spinal cord, located around the central canal.

Reflex Arc

The neurological path that mediates a reflex action, involving at a minimum, a sensory neuron, a motor neuron, and usually an interneuron.