When the Relative Price of a Good Increases,consumers Respond by Buying

question 152

Multiple Choice

When the relative price of a good increases,consumers respond by buying

• A)a larger quantity of that good and a larger quantity of substitutes for that good.
• B)a larger quantity of that good and a smaller quantity of substitutes for that good.
• C)a smaller quantity of that good and a larger quantity of substitutes for that good.
• D)a smaller quantity of that good and a smaller quantity of substitutes for that good.

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Definitions:

Prairie Dogs

are small, burrowing rodents found in North American grasslands, playing key ecological roles.

Poison

is a substance that, when introduced to or absorbed by a living organism, can cause harm or death, depending on its chemical properties and the organism's vulnerability.

Shotguns

Firearms designed to shoot a wide spread of projectiles, often used for hunting and sport shooting.

Biodiversity

Refers to the variety and variability of life on Earth, encompassing the diversity of species, ecosystems, and genetic variations.