If the Price of One Good Increases, and as a Result

question 23

Multiple Choice

If the price of one good increases, and as a result the demand for another related good falls, the goods are

• A) substitutes.
• B) normal goods.
• C) complements.
• D) inferior goods.

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Definitions:

Unconditioned Response

An involuntary, instinctive reaction to an external stimulus that takes place without the need for prior training or conditioning.

Unconditioned Response

A natural, automatic reaction to a stimulus that occurs without prior conditioning or learning.

Unconditioned Stimulus

is a stimulus that innately and involuntarily prompts a reaction without the necessity for previous learning.

Conditioned Stimulus

In classical conditioning, a previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.