If Two Goods Are ________,Then an Increase in the Price

question 138

Multiple Choice

If two goods are ________,then an increase in the price of one leads to ________ in the quantity demanded of the other.

• A) complements; a decrease
• B) complements; no change
• C) substitutes; a decrease
• D) substitutes; no change
• E) normal; an increase

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Definitions:

Job Security

The probability that an individual will retain their job without the risk of becoming unemployed, often related to the stability of the occupation or industry.

Direct Sales Promotions

Strategies and tactics implemented by companies to sell their products or services directly to consumers, bypassing intermediaries.

Sales Objectives

Specific goals set by a business related to the selling of products or services, often quantifiable and set within a timeframe.

Evaluating Performance

Involves systematically assessing the work and results of individuals or organizations to determine achievement or progress.