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If the Price of Peaches, a Substitute for Plums, Decreases

question 28

True/False

If the price of peaches, a substitute for plums, decreases the demand for plums will increase.


Definitions:

Economic Duress

Coercion involving threats to a person’s business or financial condition that compel the person to act against their will in entering a contract.

Voluntary Choice

The concept of making decisions freely, without coercion, often discussed in contexts of contract law and ethics.

Legitimate Alternatives

Viable and lawful options or solutions that are considered acceptable within a given context or situation.

Duty

A legal or moral obligation required to be fulfilled by an individual or organization.

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