Multiple Choice
The price of product X has just been increased by 20%. Product Y's sales decrease as a result of Product X's price increase. Which of the following is true?
A) product X and product Y are substitute goods.
B) product X and product Y are complementary goods.
C) product X and product Y are both normal goods.
D) product X and product Y are not related.
E) product X and product Y are both inferior goods.
Correct Answer:
Verified
Correct Answer:
Verified
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