Multiple Choice
If two goods are substitute goods,
A) The percentage change in quantity demanded for good X will fall if there is a reduction in price of good Y.
B) The percentage change in quantity demanded for good X will stay the same if there is an increase in the price of good Y.
C) If the price of good X increases,the demand for good Y falls.
Correct Answer:
Verified
Correct Answer:
Verified
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