If,when the price of X increases,the demand for Y decreases,one can conclude that X and Y are
A) complements.
B) substitutes.
C) normal.
D) inferior.
E) superior.

Question

Quizplus · Accepted Answer

When the price of X increases and the demand for Y decreases, it indicates that X and Y are complements. This is because an increase in the price of one complementary good leads to a decrease in the demand for the other.

If,when the Price of X Increases,the Demand for Y Decreases,one