If Price of Product a Increases by 10%,and the Quantity

question 77

Multiple Choice

If price of product A increases by 10%,and the quantity demanded for product B drops by 50%,then these two products are

• A)substitutes.
• B)complements.
• C)normal goods.
• D)inferior goods.

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Definitions:

South-eastern Nigeria

A geographic and cultural region of Nigeria known for its diverse ethnicities, languages, and rich history, including the Igbo people as a significant ethnic group.

Dominant Culture

The cultural practices, values, and norms that are most influential within a particular society or social group.

Assimilates

Assimilates refers to the process of taking in information, ideas, or culture and fully understanding and incorporating them into one's way of thinking or being.

Genogram

A graphical representation of a person's family relationships and medical history over multiple generations, often used in medicine and psychiatry.