The price of good X falls and the demand for good Y decreases. We can conclude that: X and Y are complements. X and Y are substitutes. X and Y are substitutes in production. X is a normal good

Question

02-03-2022
Business

contestada

The price of good X falls and the demand for good Y decreases. We can conclude that: X and Y are complements. X and Y are substitutes. X and Y are substitutes in production. X is a normal good

Respuesta :

Otras preguntas

The pressure of liquid varies as perits depth

A phone company charges a base fee of $12 per month plus an additional charge per minute. The monthly phone cost C can be represented by this equation: C=12+a⋅m

what property is shown below if q=r and r=s, then q=s

the statue is how tall? PLEASE HELP ASAP!!

how much is the arc of a circle if the angle is 70°

P and Q are points on the line 4x + 2y = 8Complete the coordinates of P and QP (0,?)Q(?,0)

how can you use these materials to test whether land or water heats faster? Materials: sand water heat lamps thermometers cups

Need answers for this please.

write a program to calculate theaverageprogramof 3 numbers incram toto calculate thein c ??

If 5 men paint a wall in 3hours,How many men will paint the same wall in 3/4 hours,working at the same rate a)5b)10c)15d)20e)24

RELAXING NOICE

hepsujoe hepsujoe · Answer 1 · 2022-03-09T18:49:50+01:00

Answer:

X and Y are complements

Explanation:

When two goods are complements, they experience joint demand. When the demand for one good increases, the demand for the other increases as well.

We know that as the price of a good falls, the demand for it increases. Therefore, we know that the demand for X increases because its price fell.

The problem also tells us that the demand for Y increased also. Since the demand for both X and Y increased when the price of good X fell, we know that these two goods are complements.