If the price of product X falls and this change increases the demand for product Y, then
A) Y is an inferior good.
B) X is an inferior good.
C) X and Y are substitutes.
D) X and Y are complements.
Correct Answer:
Verified
Q69: Cupcakes and granola bars are substitutes in
Q70: A complement is a good
A) of lower
Q71: If the price of a DVD player
Q72: Which of the following shifts the demand
Q73: A substitute is a good
A) of higher
Q75: Sweatshirts and tee- shirts are complements in
Q76: Which of the following shifts the demand
Q77: If the price of chicken falls, then
Q78: A decrease in the price of a
Q79: The observation that the demand curve for
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