If X and Y Are Substitute Goods,then an Increase in the Price

question 122

Multiple Choice

If X and Y are substitute goods,then an increase in the price of Y,other things constant,

• A)has no effect on the quantity demanded of good Y,but increases the demand for X.
• B)results in a decrease in the quantity of Y demanded and an increase in the demand for X.
• C)results in a decrease in the quantity Y demanded and a decrease in the demand for X.
• D)decreases the quantity demanded of Y,but has no effect on the demand for X.

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