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Demand & Its Determinants · Question 37 of 66

Question 37

MediumOriginal question

If a rise in the price of good Y raises the demand for good X, then X and Y are

complementsCorrect answerYour answerunrelatedCorrect answerYour answerboth inferiorCorrect answerYour answersubstitutesCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

Dearer Y sends buyers to X, which can take its place: they are substitutes.

Concept: Identifying substitutes
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsSubstitutes, complements, normal and inferior goods

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