Answered: Suppose that a decrease in the price of…

Suppose that a decrease in the price of X results in less of good Y sold. What are X and Y called? A. substitute goods B. complementary goods C. normal goods D. inferior goods

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter4: Demand, Supply, And Markets

Section: Chapter Questions

Problem 2QFR

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Suppose that a decrease in the price of X results in less of good Y sold. What are X and Y called?

A. substitute goods
B. complementary goods
C. normal goods
D. inferior goods

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