-Scooters and Bicycles Are Substitutes

question 14

Multiple Choice

-Scooters and bicycles are substitutes.Suppose that the price of a bicycle falls.Which of the figures above best illustrates how this fall in price affects the demand curve for scooters?

• A) Figure A
• B) Figure B
• C) Figure C
• D) Figure D
• E) None of the above answers is correct because the change in the price of a bicycle will affect the supply curve not the demand curve.

---

Definitions:

Interpreters

Professionals who convert information from one language into another, facilitating communication between people who do not speak the same language.

Behavior

The actions or reactions of an individual or group in response to external or internal stimuli.

Replacement Hypothesis

A theory that suggests new members or elements within a system replace older ones, often in the context of social groups or ecological systems.

Therapist

A professional trained in the treatment of mental, emotional, and behavioral disorders, providing support and techniques to help individuals manage and overcome challenges.