If an increase in the price of product X causes an increase in the demand for product Y,we can conclude that
A)they are inferior goods.
B)the price of Y will decrease.
C)they are complements.
D)they are substitutes.
E)the quantity supplied for Y will decrease.

Question

Quizplus · Accepted Answer

When an increase in the price of product X leads to an increase in the demand for product Y, it indicates that the two products are substitutes. Consumers switch from X to Y as X becomes more expensive.

If an Increase in the Price of Product X Causes