Goods X and Y Are Complementary Goods

question 297

Multiple Choice

Goods X and Y are complementary goods. A decrease in price of good X has occurred. In the market for good Y, this will lead to

• A)an increase in price and a decrease in quantity.
• B)an increase in price and an increase in quantity.
• C)a decrease in price and a decrease in quantity.
• D)a decrease in price and an increase in quantity.

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Definitions:

Sodium Bicarbonate

A chemical compound commonly known as baking soda, used in baking, cleaning, and as an antacid.

Neutralization

A chemical reaction in which an acid and a base react quantitatively, producing water and a salt, effectively nullifying extreme pH levels.

Folic Acid

A B-vitamin that is essential for DNA synthesis and repair, and is crucial during early pregnancy to prevent neural tube defects in the embryo.

Hemoglobin

A protein in red blood cells responsible for carrying oxygen from the lungs to the body's tissues and returning carbon dioxide from the tissues back to the lungs.