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.