If the Price of a Substitute to Good X Increases

question 189

Multiple Choice

If the price of a substitute to good X increases, what will happen?

• A) Demand for good X will decrease.
• B) Market price of good X will decrease.
• C) Demand for good X will increase.
• D) Quantity demanded for good X will increase.

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Definitions:

General Adaptation Syndrome

A theoretical framework describing the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Vulnerable

The state of being open to harm, damage, or illness, either physically or emotionally.

Illness

A condition of poor health perceived or felt by an individual, often characterized by the presence of disease or impairment.

General Adaptation Syndrome

A three-phase process (alarm, resistance, exhaustion) that describes the body's short-term and long-term reactions to stress.