If an Increase in the Price of One Good Causes

question 27

Multiple Choice

If an increase in the price of one good causes buyers to demand more of another good,then the two goods are

• A) Normal goods
• B) Inferior goods
• C) Substitutes
• D) Complements

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Definitions:

Delphiniums

A genus of perennial flowering plants known for their tall spikes of colorful flowers.

Second-Class Tickets

Tickets offering a lower level of service or comfort on public transport, often at a reduced price compared to first-class tickets.

First-Class Tickets

Tickets that provide premium services and amenities above standard class, often associated with air travel, trains, or other transportation modes.

Income

The total amount of money earned by an individual or household from various sources, including wages, salaries, investments, and other forms of earnings, over a period of time.