When the Increase in the Price of One Good Causes

question 169

Multiple Choice

When the increase in the price of one good causes the demand for another good to decrease, the goods are

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

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Definitions:

U.S. Army

The land warfare service branch of the United States Armed Forces responsible for land-based military operations.

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Individuals who have been newly enlisted or hired into an organization, military service, or other entity, often undergoing training or orientation.

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An intangible asset representing the value of a business's reputation, brand, and ongoing customer relationships.