Good X and Good Y Are Substitutes

question 142

Essay

Good X and good Y are substitutes.Holding all other things constant, this means that when the price of good X increases, the:
A.demand for good X will increase.
B.demand for good Y will increase.
C.demands for both good X and good Y will both increase.
D.demand for good Y will decrease.

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Definitions:

Distinct Cliques

Social clusters within a community where members share common interests or backgrounds, and distinctly separate from other groups.

Major Force

A significant or powerful factor influencing or causing changes in a particular context or environment.

Identity

The understanding or concept of oneself, including personal values, beliefs, and characteristics, that forms an individual's self-perception.

Gender Identity

The awareness of one’s own gender assignment and understanding of its meaning.