I think I'm right. Can you please check and explain why? 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 areO a. substitutes for one another.O b. inferior goods.O c. complements to one another.d. normal goods.

Answer- Need to find- Correct option Given in the question- As price of good "X" rises as a…

Answered: As the price of good X rises as a…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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 a. substitutes for one another. b. inferior goods. O c. complements to one another. d. normal goods.