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:

Characteristics

Qualities, attributes, or distinguishing features that define an individual, object, or concept.

Team Development

The process of improving collective performance by enhancing interpersonal relationships, clarifying roles, and fostering team cohesion.

Acceptable Behavior

Conduct that is deemed appropriate or within the norms of a particular society, group, or context.

Real Task

A term generally used to describe a task that has practical, real-world importance or impact.