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:

Graphics Tablet

A device that allows users to draw or write with a stylus or pen-like tool, translating the motion onto a computer screen.

Digital Camera

An electronic device that captures and stores photographs in digital format, allowing for easy transfer to computers or other devices.

Legitimate Organizations

Refers to officially recognized and authorized entities that operate under legal frameworks.

Personal Information

Detailed data or specifics about an individual, including names, addresses, phone numbers, and often sensitive data like social security numbers.