Multiple Choice
If the price of product X falls and this change increases the demand for product Y, then
A) X and Y are complements.
B) X and Y are substitutes.
C) X is an inferior good.
D) Y is an inferior good.
Correct Answer:

Verified
Correct Answer:
Verified
Q422: Which of the following is NOT held
Q423: If income increases or the price of
Q424: Which of the following best reflects an
Q425: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q426: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure illustrates
Q428: If the price of chicken falls, then
Q429: The opportunity cost of good A in
Q430: In early 2009 the price of computer
Q431: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figures
Q432: Suppose we observe that both the equilibrium