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Two Goods,X and Y,are Called Substitutes If

Question 21

Multiple Choice

Two goods,X and Y,are called substitutes if


A) an increase in PX causes more Y to be bought.
B) an increase in PX causes less Y to be bought.
C) an increase in PY causes less Y to be bought.
D) an increase in income causes more of both X and Y to be bought.

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