As the price of good X rises as a result of a decrease in supply, the demand for good Y falls. Therefore, goods X and Y are a. substitutes for one another. b. inferior goods. O c. complements to one another. d. normal goods.

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Chapter1: Making Economics Decisions
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As the price of good X rises as a result of a decrease in supply, the demand for good Y falls. Therefore, goods X and Y are
O a. substitutes for one another.
O b. inferior goods.
O c. complements to one another.
d. normal goods.
Transcribed Image Text:As the price of good X rises as a result of a decrease in supply, the demand for good Y falls. Therefore, goods X and Y are O a. substitutes for one another. O b. inferior goods. O c. complements to one another. d. normal goods.
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