The Price of Good X Increases by 25 Percent,causing the Quantity

question 98

Multiple Choice

The price of Good X increases by 25 percent,causing the quantity consumed of Good Y to decrease by 10 percent.If everything else is held constant in the economy,we can say with certainty that Good X and Good Y are

• A) substitutes.
• B) inferior.
• C) complements.
• D) normal.
• E) unrelated.

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Definitions:

Psychotherapist

A professional who treats mental health issues by psychological rather than medical means, often through talk therapy.

Trivial

Of little importance or significance.

Sigmund Freud

A pioneering Austrian neurologist who developed psychoanalysis, a treatment for mental health issues that relies on conversational interactions between a psychoanalyst and the patient.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, emphasizing the importance of the individual psyche and the personal quest for wholeness.