Two Goods, X and Y, Are Complementary Goods If the Demand

question 15

Multiple Choice

Two goods, X and Y, are complementary goods if the demand for X:

• A) increases when the price of Y increases.
• B) increases when income increases.
• C) decreases when the price of Y increases.
• D) increases as the price of its substitute good increases.
• E) decreases as the price of its substitute good decreases.

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Definitions:

MRI

Magnetic Resonance Imaging, a medical imaging technique used in radiology to form pictures of the anatomy and the physiological processes of the body.

Mascara

A cosmetic product applied to eyelashes to darken, lengthen, and thicken them, enhancing the appearance of the eyes.

Plastic Jewelry

Decorative items made from various types of plastics, often used as an affordable alternative to precious metals and stones.

Cholecystogram

An X-ray procedure used to help evaluate the gallbladder.