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If an increase in the price of good X causes the demand for good Y to decrease,

ID: 1143445 • Letter: I

Question

If an increase in the price of good X causes the demand for good Y to decrease, it can be concluded that
X and Y are complements. X and Y are substitutes. X and Y are superior goods. X and Y are inferior goods. there is collusion in the marketplace. If an increase in the price of good X causes the demand for good Y to decrease, it can be concluded that
X and Y are complements. X and Y are substitutes. X and Y are superior goods. X and Y are inferior goods. there is collusion in the marketplace. X and Y are complements. X and Y are substitutes. X and Y are superior goods. X and Y are inferior goods. there is collusion in the marketplace. X and Y are complements.

Explanation / Answer

X and Y are complements.


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