Multiple Choice
Exhibit 19-4
-Refer to Exhibit 19-4. As a consequence of the depicted change in the supply of X, the demand curve for Y shifted from D1 to D2. It follows that
A) X and Y are substitutes.
B) X and Y are complements.
C) X and Y are inferior goods.
D) demand for Y is price elastic.
Correct Answer:

Verified
Correct Answer:
Verified
Q175: Exhibit 19-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 19-3
Q176: If total revenue does not change as
Q177: If demand is _, price and total
Q178: Good Z is income unit elastic. This
Q179: When a good is perfectly inelastic in
Q181: If the price of good A decreases
Q182: The existence of substitutes for a good
Q183: If for good Z income elasticity is
Q184: When the price of a good rises,
Q185: The demand curve for good X is