If your purchases of good A increase from 9 units per year to 11 units per year when the price of good B increases from $8 to $12,all other things equal,for you,good A and good B are considered _____ goods.
A)inferior
B)luxury
C)substitute
D)complementary

Question

Quizplus · Accepted Answer

The increase in the purchases of good A when the price of good B increases suggests that the two goods are substitutes. As the price of good B increases, consumers may switch to buying more of good A instead.

If Your Purchases of Good a Increase from 9 Units