-Refer to the Above Information to Answer This Question

question 162

Multiple Choice

$\begin{array}{llcc} \text { 1. An increase in price: } & \text { A. An increase in the quantity traded: } \\ \text { 2. A decrease in price: } & \text {B. A decrease in the quantity traded; } \\ \text { 3. No change in price: } & \text {C. No change in quantity traded. } \\\end{array}$


-Refer to the above information to answer this question. What is the effect on product X of a decrease in the price of substitute product Y?

• A) 1 and A.
• B) 1 and B.
• C) 2 and B.
• D) 3 and B.
• E) 3 and C.
• F) 1 and C.