What Is the Relationship Between Goods a and B If

question 195

Multiple Choice

What is the relationship between goods A and B if an increase in the price of A leads to an increase in the quantity demanded of B?

• A)A and B are complementary goods.
• B)A and B are substitute goods.
• C)A must be an inferior good while B must be a normal good.
• D)B must be an inferior good while A must be a normal good.

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Definitions:

Innovative Actions

Activities or initiatives that introduce new methods, ideas, or products.

Organizational Culture

The collective values, beliefs, attitudes, and behaviors that characterize an organization, shaping its social and psychological environment.

Shared Assumptions

The common beliefs or understandings that members of a group or organization hold to be true, often unconsciously, which shape their behaviors and attitudes.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof.