If the Price of Apples Goes Down, Then the Demand

question 348

Multiple Choice

If the price of apples goes down, then the demand for pears will

• A) increase, assuming apples and pears are substitutes.
• B) decrease, assuming apples and pears are substitutes.
• C) decrease, assuming apples and pears are complements.
• D) remain constant, assuming apples and pears are related goods.

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Definitions:

Open Up

To become more accessible or available emotionally or physically, creating an environment for sharing information or entering.

Deficit Need

A requirement essential for a person's psychological development and growth, which, if unmet, can lead to feelings of inferiority or weakness.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Esteem

Esteem refers to the respect and admiration that an individual is held in by others or regards themselves with.