The price of good X increases by 25%,causing the quantity consumed of good Y to decrease by 10%.If everything else is held constant in the economy,we can say with certainty that good X and good Y are:

Question

Quizplus · Accepted Answer

The decrease in the quantity consumed of good Y in response to the increase in price of good X suggests that they are complements. Complements are goods that are consumed together so a price increase in one good will lead to a decrease in the quantity consumed of the other good.

The Price of Good X Increases by 25%,causing the Quantity