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:

Food Regulation

The monitoring and enforcement of policies concerning the production, distribution, and consumption of food to ensure public health and safety.

Leptin

A hormone produced by fat cells that helps to regulate body weight by signaling the brain to reduce appetite and increase energy expenditure.

Human Chorionic Gonadotropin

A hormone produced during pregnancy that supports the normal development of an egg in a woman's ovary, and stimulates the release of the egg during ovulation.

Representative Sample

A sample of a population that effectively mirrors the qualities of the full population.