The Price of Good a Goes Up

question 38

Multiple Choice

The price of good A goes up. As a result the demand for good B shifts to the left. From this we can infer that:

• A) good A is a normal good.
• B) good B is an inferior good.
• C) goods A and B are substitutes.
• D) goods A and B are complements.
• E) none of the above

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Definitions:

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