Home » Economics » If the consumer demand for product X increases as the price of product Y decreases…

If the consumer demand for product X increases as the price of product Y decreases…

If the consumer demand for product X increases as the price of product Y decreases we can be fairly certain that X
  • A.
    X and Y are complementary commodities
  • B.
    X and Y are substitute goods
  • C.
    X and Y are independent goods
  • D.
    X and Y are jointly supplied
  • E.
    X and Y are inferior commodities
Correct Answer: Option A
Explanation