Labor productivity increases if i. human capital decreases. ii. technology advances. iii. quality of education decreases

As the relative price of a good falls, the substitution effect implies that people buy

A) less of that good and more of its substitutes. B) more of that good and less of its substitutes. C) less of that good and less of its substitutes. D) more of that good and more of its substitutes.

When the price of tablet devices decreased in the 2010s, there was an increase in the demand for computing apps because tablet devices and computing apps are

A) substitute goods. B) capital goods. C) inferior goods. D) complementary goods.