Goods X and Y Are Defined to Be Substitutes in Consumption

question 97

Multiple Choice

Goods X and Y are defined to be substitutes in consumption if

• A)the supply of Y varies inversely with the price of X.
• B)the two goods are virtually the same.
• C)the supply of Y varies directly with the price of X.
• D)the demand for Y varies directly with the price of X.
• E)the demand for Y varies inversely with the price of X.

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