If a Rise in the Price of Product a Causes

question 42

Multiple Choice

If a rise in the price of product A causes the supply curve of product B to shift leftward, then

• A) A and B are substitutes for consumers.
• B) A and B complements for consumers.
• C) A and B are related products for businesses.
• D) A and B are unrelated products for businesses.
• E) none of the above are true.

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Definitions:

Mach Bands

An optical illusion where the contrast at the edges of adjacent light and dark areas appears exaggerated.

Contrast Effects

A phenomenon in psychology where the evaluation of something is influenced by comparisons with recently encountered contrasting objects or people.

Lateral Inhibition

A process in neural networks of the brain where the activity of neurons inhibits the activity of neighboring neurons, enhancing contrast and sharpness in sensory pathways.

Visual System

The part of the central nervous system that enables organisms to process visual detail, including structures such as the eye, the optic nerve, and the visual areas of the brain.