Two Goods Are Considered Substitutes Only If A(n)

question 22

Multiple Choice

Two goods are considered substitutes only if a(n)

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

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Definitions:

Humans

Members of the species Homo sapiens, characterized by bipedalism, high brain capacity for abstract reasoning, communication, and tool use.

Primates

The mammalian order encompassing humans, apes, monkeys, and prosimians, characterized by large brains, forward-facing eyes, and complex social behaviors.

Social Perspective

A viewpoint that focuses on the behavior of individuals as influenced by the social structures and cultural norms within which they operate.

Primate Species

Members of the mammalian order Primates, which includes humans, apes, monkeys, and prosimians like lemurs and tarsiers.