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:

Ingratiation

A psychological technique where an individual attempts to make themselves more likable to another, often by flattery or trying to please them.

Inspirational Appeal

The ability to inspire and motivate others through communication that arouses enthusiasm or incites action.

Rational Persuasion

A method of influencing others through the use of logical arguments and factual evidence.

Pressure Tactic

A strategic method used to influence or persuade others by applying stress or discomfort, often seen in negotiations or conflict situations.