Two Goods Are Considered Substitutes Only If A(n)

question 19

Multiple Choice

Two goods are considered substitutes only if a(n) :

• A)decrease in the demand for one good leads to a decrease in the supply of the other.
• B)increase in the demand for one good leads to a decrease in the supply of the other.
• C)increase in the price of one good leads to an increase in the demand for the other.
• D)decrease in the price of one good leads to an increase in the demand for the other.
• E)decrease in the supply of one good causes producers to switch to production of the other.

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Definitions:

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A document used to record the arrival of individuals at a specific location or event, often for security or attendance tracking purposes.

Staff Meetings

Regularly scheduled gatherings where employees and management discuss progress, share information, and coordinate activities within an organization.

Salary

A fixed amount of wages paid to an employee on a regular basis for a prescribed period of time, for example, weekly or monthly.

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