If the price of "X" increases and you buy less "Y," then
A) "X" and "Y" are complements,and the price of "Y" will increase.
B) "X" and "Y" are complements,and the price of "Y" will decrease.
C) "X" and "Y" are substitutes,and the price of "Y" will increase.
D) "X" and "Y" are substitutes, and the price of "Y" will decrease.
Correct Answer:
Verified
Q92: Ceteris paribus,for a farmer,corn and wheat are
A)Substitutes
Q93: One In the News article in the
Q94: If a price is below equilibrium,
A)A shortage
Q95: If the actual market price were fixed
Q97: Restaurants like to give away free salty
Q98: One In the News article in the
Q99: If a price is above equilibrium,
A)A shortage
Q100: If the price of "X" increases and
Q101: An increase in the price of gasoline
Q106: If the market wage for fast-food restaurants
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents