If the Demand Curve for Product B Shifts to the Right

question 311

Multiple Choice

If the demand curve for product B shifts to the right as the price of product A declines, then

• A) both A and B are inferior goods.
• B) A is a superior good and B is an inferior good.
• C) A is an inferior good and B is a superior good.
• D) A and B are complementary goods.

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Definitions:

Referral Sampling Technique

A sampling method where existing study subjects recruit future subjects from among their acquaintances, often used in qualitative research.

Survey Data Collection

The gathering of information from a sample of individuals through their responses to questions.

Numerical Score

A quantitative value assigned to an item or performance, often used in assessments or evaluations.

Stimuli

Elements in the environment that can provoke responses or reactions in individuals or systems.