Examlex

Solved

-Refer to the Graphs Above to Answer This Question

question 52

Multiple Choice

  -Refer to the graphs above to answer this question.Suppose that the price of nuts decreases from P<sub>1</sub> to P<sub>2</sub> and the demand curve for chocolates shifts to the right from D<sub>1</sub> to D<sub>2</sub>.What is the relationship between nuts and chocolates? A) The demand for nuts and chocolates must be unit elastic. B) Nut and chocolates must be substitutes. C) The cross-elasticity coefficient of demand for both nuts and chocolates must be positive. D) Nuts and chocolates must be complements. E) There is no relationship between nuts and chocolates.
-Refer to the graphs above to answer this question.Suppose that the price of nuts decreases from P1 to P2 and the demand curve for chocolates shifts to the right from D1 to D2.What is the relationship between nuts and chocolates?


Definitions:

Resources

Assets or materials that can be drawn upon by a person or organization in order to function effectively.

Stakeholders

Individuals or groups that have an interest or stake in the success and activities of a company or project.

Universalization Test

A philosophical concept used in ethics to determine if an action's principle can be applied universally without contradiction.

Universalization Test

A principle in ethics asking whether an action's rationale could be universally applied, contributing to evaluating its moral worth.

Related Questions