Multiple Choice
Good X and good Y are substitutes. Holding all other things constant, this means that when the price of good X increases, the:
A) demand for good X will increase.
B) demand for good Y will increase.
C) demand for both good X and good Y will increase.
D) demand for good Y will decrease.
Correct Answer:
Verified
Correct Answer:
Verified
Q24: An increase in the demand for gasoline
Q122: An increase in demand for good X
Q142: A farmer finds that when he produces
Q152: Pizza is a normal good.If students' incomes
Q201: If in a competitive market the quantity
Q203: An increase in supply is caused by:<br>A)an
Q207: Which of the following is most likely
Q208: Use the following to answer questions:<br>Figure: Demand
Q210: An increase in supply with no change
Q212: If people demand more of product A