If a rise in the price of good B increases the quantity demanded of good A
A) A and B are substitutes.
B) A and B are complements.
C) A is a substitute for B, but B is a complement to A.
D) B is a substitute for A, but A is a complement to B.

Question

Quizplus · Accepted Answer

When the price of good B rises and the quantity demanded of good A increases, it indicates that consumers are switching from B to A, making A and B substitutes.

If a Rise in the Price of Good B Increases