Two Goods Are Substitutes When

question 401

Multiple Choice

Two goods are substitutes when

• A) an increase in the price of one reduces the demand for the other.
• B) an increase in the price of one raises the demand for the other.
• C) the two goods are used together.
• D) the two goods have the same price.

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Definitions:

Subpoena

A document issued by a court or government agency that orders an individual to appear at a specific time and place to give testimony or produce documents.

Performance Claims

Assertions made by companies regarding the effectiveness or benefits of their products or services.

Duce Tecum Subpoenas

Legal orders requiring a person to produce documents or records before a court or legal proceeding.

Code of Federal Regulations

A collection of the general and permanent rules published in the Federal Register by the departments and agencies of the Federal Government of the United States.