If People Demand More of Product a When the Price

question 105

Multiple Choice

If people demand more of product A when the price of B falls, then A and B are:

• A) not related.
• B) substitutes.
• C) complements.
• D) inferior.

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Definitions:

Wax

A diverse class of organic compounds that are malleable at slightly higher temperatures than room temperature and mainly consist of hydrocarbons.

Theoretical Yield

The maximum amount of product that could be formed from given amounts of reactants in a chemical reaction, assuming no losses.

Carbon Dioxide

This is a gas that has no color or odor, generated through the combustion of carbon-based substances and the respiratory process, and is consumed by plants for photosynthesis.

Methane

A simple alkane hydrocarbon with the formula CH₄, known as a potent greenhouse gas and a primary component of natural gas.