Suppose That a Decrease in the Price of X Results

question 89

Multiple Choice

Suppose that a decrease in the price of X results in less of good Y sold. What are X and Y called?

• A) complementary goods
• B) normal goods
• C) inferior goods
• D) substitute goods

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Definitions:

Executor or Executrix

Refers to a person appointed by a will to execute the deceased's estate, with executrix being the feminine form.

Died Intestate

Refers to a person who has passed away without having made a legally valid will.

Dies Intestate

Refers to a situation where a person passes away without having made a valid will, leading to the distribution of their assets according to state laws.