When a Rise in the Price of One Item Results

question 159

Multiple Choice

When a rise in the price of one item results in a decrease in the demand for another good, then the two goods are

• A) substitute goods.
• B) complementary goods.
• C) inferior goods.
• D) satisfying the law of supply.

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Definitions:

O-toluic Acid

An aromatic carboxylic acid derivative of toluene with the carboxyl group in the ortho position relative to the methyl group.

Structure

The arrangement or organization of atoms within a molecule, defining its molecular geometry and chemical properties.

Trimethylbenzene

This is an aromatic hydrocarbon with three methyl groups attached to its benzene ring, often found in petroleum and used as a solvent or chemical intermediate.

Acceptable Name

A name for a chemical compound that conforms to the nomenclature rules established by the relevant scientific body, such as IUPAC, and is universally recognized.