If an Increase in the Price of Good X Leads

question 162

Multiple Choice

If an increase in the price of good X leads to a decrease in the consumption of good Y,then goods X and Y are called

• A) substitutes.
• B) complements.
• C) normal goods.
• D) inferior goods.

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Definitions:

Monosyllabic

Referring to words composed of a single syllable, often used to describe languages or speech patterns.

Polysyllabic

Describing words that contain more than one syllable, indicating a complexity in pronunciation or linguistic structure.

Bronze

An alloy of copper and tin, known for its hardness and durability, used historically for making tools, weapons, and sculptures.

Copper

A chemical element with the symbol Cu and atomic number 29, known for its high electrical and thermal conductivity, and widely used in electrical wiring and coinage.