Suppose That When the Price of Oranges Decreases,Sarita Decreases Her

question 219

Multiple Choice

Suppose that when the price of oranges decreases,Sarita decreases her purchases of peaches.To Sarita

• A)oranges and peaches are complements.
• B)oranges and peaches are inferior goods.
• C)oranges and peaches are normal goods.
• D)oranges and peaches are substitutes.

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Definitions:

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, marked by dramatic advancements in manufacturing and production technology.

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve labor productivity.

Custodial

Pertaining to the legal right or duty to take care of something or someone, including the guardianship of children or management of assets.

Military Organizations

Structured institutions that are authorized by society to use lethal force, including camouflage, arms, and trained personnel, to defend or capture territories and enforce laws or sovereignties.