Multiple Choice
Suppose the demand for X is given by Qxd = 100 − 2PX + 4PY + 10M + 2A,where PX represents the price of good X,PY is the price of good Y,M is income and A is the amount of advertising on good X.Based on this information,we know that good Y is
A) a substitute for good X.
B) a complement for good X.
C) an inferior good.
D) a normal good.
Correct Answer:
Verified
Correct Answer:
Verified
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