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If the price of good X increases, causing the supply of good Y to increase, what type of relationship exists between X and Y?
  • a)
    Competitive supply
  • b)
    Composite supply
  • c)
    Joint supply
  • d)
    Complementary supply
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
If the price of good X increases, causing the supply of good Y to incr...
When an increase in the price of one good leads to an increase in the supply of another good, it signifies a composite relationship between the two goods. Therefore, the correct answer is B) Composite supply. This relationship implies that the goods are used together, and changes in the price of one affect the supply of the other.
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If the price of good X increases, causing the supply of good Y to increase, what type of relationship exists between X and Y?a)Competitive supplyb)Composite supplyc)Joint supplyd)Complementary supplyCorrect answer is option 'B'. Can you explain this answer?
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