If the Price of Gadgets Falls and Gadgets and Widgets

question 156

Multiple Choice

If the price of gadgets falls and gadgets and widgets are substitutes, we would expect:

• A)The quantity of gadgets demanded to increase and the demand for widgets to increase.
• B)The quantity of widgets demanded to decrease and the demand for gadgets to increase.
• C)The quantity of gadgets demanded to increase and the demand for widgets to decrease.
• D)The quantity of widgets demanded to decrease and the demand for gadgets to decrease.

---

Definitions:

Reaction Time

The amount of time taken to respond to a specific stimulus.

Aversive Racism

A form of implicit racism in which individuals with egalitarian values may still harbor negative feelings or subconscious biases against other races.

Unintentionally Discriminating

Actions or behaviors that lead to discrimination without the conscious intention to treat others unfairly.

Stereotypes

Oversimplified ideas or generalized beliefs about a particular group of people, based on their perceived traits.