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Exhibit 19-4 ​ Refer to Exhibit 19-4. as a Consequence of the Depicted

question 17

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Exhibit 19-4 ​
Exhibit 19-4 ​   Refer to Exhibit 19-4. As a consequence of the depicted change in the supply of X, the demand curve for Y shifted from D<sub>1</sub> to D<sub>2</sub>. It follows that A) X and Y are substitutes. B) X and Y are complements. C) X and Y are inferior goods. D) demand for Y is price elastic.
Refer to Exhibit 19-4. As a consequence of the depicted change in the supply of X, the demand curve for Y shifted from D1 to D2. It follows that


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Loss of Efficiency

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