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Two Goods, X and Y, Are Complementary Goods If the Demand

Question 173

Multiple Choice

Two goods, X and Y, are complementary goods if the demand for X:


A) increases when the price of Y increases.
B) increases when income increases.
C) decreases when the price of Y increases.
D) increases as the price of its substitute good increases.
E) decreases as the price of its substitute good decreases.

Correct Answer:

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