An increase in the price of good B caused an increase in the demand for good C.This indicates that goods B and C are

Question

Quizplus · Accepted Answer

An increase in the price of a substitute good like B would lead to an increase in the demand for a complementary good like C. This is because consumers would opt for C as a substitute for B, leading to an increase in demand for C. Therefore, goods B and C are substitutes.

An Increase in the Price of Good B Caused an Increase