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    Business
  3. Study Set
    Macroeconomics Canada Study Set 2
  4. Exam
    Exam 3: Demand and Supply
  5. Question
    People Buy More of Good 1 When the Price of Good
Solved

People Buy More of Good 1 When the Price of Good

Question 3

Question 3

Multiple Choice

People buy more of good 1 when the price of good 2 rises.Good 1 and good 2 are


A) substitutes in production
B) inferior goods.
C) normal goods.
D) substitutes.
E) complements.

Correct Answer:

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