Assume goods X and Y are complements.A decrease in the price of X would cause the demand for Y to increase.

Name: Assume goods X and Y are complements.A decrease in the price of X would cause the demand for Y to increase.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the price of complement X decreases, the demand for X increases, leading to an increase in the demand for complement Y as well. Therefore, the statement is true, and option A is the correct answer.

Assume Goods X and Y Are Complements