As the price of good X rises as a result of a decrease in supply,the demand for good Y falls.Therefore,goods X and Y are
A) substitutes for one another.
B) normal goods.
C) complements to one another.
D) inferior goods.
E) none of the above

Question

Quizplus · Accepted Answer

Goods X and Y are complements to each other; when the price of good X rises (due to a decrease in supply), the demand for good Y falls, indicating that these two goods are consumed together, and a change in the price of one good affects the demand for the other good in the opposite direction.

As the Price of Good X Rises as a Result