-Refer to Exhibit 3-6

question 163

Multiple Choice

-Refer to Exhibit 3-6.If an increase in the price of good Y causes the demand for good X to shift from D₁ to D₂,goods X and Y are

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

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Definitions:

Verify

To confirm the accuracy, truth, or validity of something through examination or comparison.

Five-Figure Accuracy

The precision of a numerical value up to five significant digits.

Calculate

To work out the numerical value of something through a systematic series of steps.

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A visual representation of data, functions, or equations on a coordinate plane.