If Goods X and Y Are Substitute Goods,then a Decrease

question 135

Multiple Choice

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

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

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