Two Goods,X and Y,are Called Substitutes If

question 21

Multiple Choice

Two goods,X and Y,are called substitutes if

• A)an increase in PX causes more Y to be bought.
• B)an increase in PX causes less Y to be bought.
• C)an increase in PY causes less Y to be bought.
• D)an increase in income causes more of both X and Y to be bought.

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Definitions:

Tasks

Discrete actions or pieces of work to be completed, often tracked in project management or to-do list applications.

Synced

Describes the process of ensuring information or data is the same across multiple devices or platforms, maintaining consistency.

Multiple Devices

The ability to use or synchronize an application or service across more than one device, such as smartphones, tablets, and computers.

Voting Options

Features within communication platforms or systems that allow participants to make choices or express preferences among a set of options, often used in decision-making processes.