3. An increase in the supply of good X resulted in an increase in the price...
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3. An increase in the supply of good X resulted in an increase in the price and quantity of good Y. It can be concluded that good Y is (A) an inferior good (B) a luxury good (C) a normal good (D) a substitute for good X (E) a complement for good X 3. An increase in the supply of good X resulted in an increase in the price and quantity of good Y. It can be concluded that good Y is (A) an inferior good (B) a luxury good (C) a normal good (D) a substitute for good X (E) a complement for good X
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The correct answer is E a complement for good X Explanation When the supply of good X increases it l... View the full answer
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