Multiple Choice
If X and Y are substitute goods,then an increase in the price of Y,other things constant,
A) has no effect on the quantity demanded of good Y,but increases the demand for X.
B) results in a decrease in the quantity of Y demanded and an increase in the demand for X.
C) results in a decrease in the quantity Y demanded and a decrease in the demand for X.
D) decreases the quantity demanded of Y,but has no effect on the demand for X.
Correct Answer:
Verified
Correct Answer:
Verified
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