The price of good X increases by 25%, causing the quantity consumed of good Y to decrease

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The price of good X increases by 25%, causing the quantity consumed of good Y to decrease by 10%. If everything else is held constant in the economy, we can say with certainty that good X and good Y are:

a. Substitutes.

b. Inferior

c. Complements.

d. Normal.

Related Book For answer-question

Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Posted Date: Jun 03, 2019 05:04 AM

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The price of good X increases by 25%, causing the quantity consumed of good Y to decrease

Question:

Expert Answer:

c Complements Because both X and Y are related and ... View the full answer

Economics

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