When the Relative Price of a Good Increases, How Will

question 81

Multiple Choice

When the relative price of a good increases, how will consumers respond?

• A) by buying more of it and its substitutes
• B) by buying less of it and its substitutes
• C) by buying less of it and more of its substitutes
• D) by buying more of it and less of its substitutes

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Definitions:

Option Button

A graphical control element that allows the user to choose only one of a predefined set of options.

Center Button

A button typically found on input devices, such as mice or game controllers, used to execute a central or primary function.

Report Design View

Report Design View is a feature in database applications like Microsoft Access that allows users to create and modify report layouts in a detailed and structured manner.

Text Box

A GUI element that enables users to input text into a document or a form within software applications.