Goods X and Y Are Complementary Goods

question 28

Multiple Choice

Goods X and Y are complementary goods. An increase in the price of good X has occurred. In the market for good Y this will lead to

• A)an increase in price and a decrease in quantity.
• B)an increase in price and an increase in quantity.
• C)a decrease in price and a decrease in quantity.
• D)a decrease in price and an increase in quantity.

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