Multiple Choice
For two goods,X and Y,to be classified as substitutes,it must be the case that
A) X and Y are identical.
B) consumers tend to purchase both items.
C) when the price of X rises,the demand for Y decreases.
D) when the price of X rises,the demand for Y increases.
E) X and Y look alikE.
Correct Answer:

Verified
Correct Answer:
Verified
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