Good Y is a complement to good X if an increase in the price of good Y leads to

Name: Good Y is a complement to good X if an increase in the price of good Y leads to
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When an increase in the price of good Y leads to a decrease in the demand for good X, it means that good Y is a complement to good X. This is because the two goods are typically used together, and when the price of one increases, consumers are less likely to buy both goods together, leading to a decrease in the demand for good X.

Good Y Is a Complement to Good X If an Increase