Multiple Choice
If an increase in the price of good X results in a decrease in the quantity of Y demanded
A) good X and good Y are substitutes.
B) good X and good Y are complements.
C) the cross-price elasticity of demand for good Y is positive.
D) There is not sufficient information to determine the relationship between good X and good Y.
Correct Answer:
Verified
Correct Answer:
Verified
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