Suppose You Have 2 Goods, X and Y

question 158

Multiple Choice

Suppose you have 2 goods, X and Y. If the price of X increases and you buy more Y, then X and Y are:

• A) normal goods.
• B) complements.
• C) inferior goods.
• D) substitutes.

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Definitions:

Assessment Mechanism

A system or method used to evaluate, measure, or appraise someone's abilities, needs, or performance.

Recognize

The act of identifying or acknowledging the existence, validity, or legality of something.

Home Visits

A professional practice involving providers visiting the homes of their clients to deliver services or conduct assessments in a familiar and comfortable setting for the client.

Instincts

Innate, typically fixed patterns of behavior in animals and humans in response to certain stimuli.