If an Increase in the Price of One Good Causes

question 52

Multiple Choice

If an increase in the price of one good causes the demand curve for another good to shift to the right,then the two goods are:

• A) substitutes.
• B) complements.
• C) normal.
• D) unrelated.

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Definitions:

Sample Proportion

The fraction of the sample observations that belong to a particular category, often used as an estimator of the population proportion.

Hazardous Waste Site

Locations where waste materials harmful to humans or the environment are stored, treated, or disposed of.

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A claimed ability to gain information through means other than the known human senses, including telepathy and clairvoyance.

Random Trial

A type of experiment where outcomes are determined entirely by chance, eliminating any bias from the experimenters.