Sugar and Coffee Are Complements

question 263

Multiple Choice

Sugar and coffee are complements. When the price of coffee decreases, the demand for sugar

• A) will fall.
• B) remains constant.
• C) will shift outward.
• D) will shift inward.

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Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher known as the father of modern economics, best known for his theories on free markets and the invisible hand.

Morals

Principles or habits with respect to right or wrong conduct, often influenced by cultural, religious, or personal beliefs.

Rule Deontology

An ethical theory that stresses the importance of following universal rules or duties in ethical decision-making, regardless of the consequences.

Utilitarianism

A moral philosophy that evaluates the morality of actions based on their outcomes, emphasizing the greatest good for the greatest number of people.