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    Business
  3. Study Set
    Microeconomic Theory Basic
  4. Exam
    Exam 4: Demand Relationships Among Goods
  5. Question
    With Only Two Goods,x and Y,if X and Y Are
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With Only Two Goods,x and Y,if X and Y Are

Question 1

Question 1

Multiple Choice

With only two goods,x and y,if x and y are gross substitutes,a rise in px must necessarily:


A) increase spending in x.
B) reduce spending in x.
C) increase spending in y.
D) reduce spending in y.

Correct Answer:

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