Multiple Choice
(Figure: Good Y and Good X II) Which of the following statements are TRUE? 
I. The demand curve for good Y shifted outward.
II) The demand curve for good Y shifted inward.
III) The demand curve for good X shifted inward.
IV) The price of good Y decreased, causing an increase in the quantity demanded of good Y.
A) II and III
B) I, III, and IV
C) III and IV
D) I and IV
Correct Answer:
Verified
Correct Answer:
Verified
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