Whenever the Price of Good a Increases, the Demand for Good

question 145

Multiple Choice

Whenever the price of Good A increases, the demand for Good B increases as well. Good A and B appear to be:

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

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Definitions:

Operating Cash Flows

Cash generated from the core business operations of an entity, excluding financing and investing activities.

Total Liabilities

The combined debts and obligations that a company owes to entities outside of the company.

Cash Flow From Operations

The net amount of cash generated by a company's normal business operations.

Accounts Receivable Turnover

A measure of how efficiently a company collects credit sales, calculated by dividing net credit sales by the average accounts receivable.