Multiple Choice
Ceteris paribus,if income increases and as a result,the demand for good X increases and the demand for good Y falls,
A) Good X is an inferior good and good Y is a normal good.
B) Good X is a normal good and good Y is an inferior good.
C) Goods X and Y are substitute goods.
D) Goods X and Y are complementary goods.
Correct Answer:
Verified
Correct Answer:
Verified
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