When the Relative Price of a Good Decreases,consumers Respond by Buying

question 157

Multiple Choice

When the relative price of a good decreases,consumers respond by buying

• A)a larger quantity of that good and a larger quantity of substitutes for that good.
• B)a larger quantity of that good and a smaller quantity of substitutes for that good.
• C)a smaller quantity of that good and a larger quantity of substitutes for that good.
• D)a smaller quantity of that good and a smaller quantity of substitutes for that good.

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Definitions:

Commonsense Strategy

A practical approach to solving problems or dealing with situations based on everyday knowledge and practical experience rather than theoretical understanding.

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, work productively, and contribute to their community.

Adaptive

Describes the ability of an organism or system to adjust to changes in its environment or to cope with disturbances.

Humor

A quality of being amusing or entertaining, often expressed through jokes, comedy, or playful behavior.