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If an increase in the price of good Y leads to a decrease in the quantity demanded of good X, what can be said about the relationship between the two goods?
  • a)
    They are normal goods
  • b)
    They are complements
  • c)
    They are substitutes
  • d)
    They are unrelated
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
If an increase in the price of good Y leads to a decrease in the quant...
If an increase in the price of good Y results in a decrease in the quantity demanded of good X, it indicates that the two goods are complements. This means that as the price of one good rises, the demand for the related good falls because they are often used together.
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If an increase in the price of good Y leads to a decrease in the quantity demanded of good X, what can be said about the relationship between the two goods?a) They are normal goodsb) They are complementsc) They are substitutesd) They are unrelatedCorrect answer is option 'B'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about If an increase in the price of good Y leads to a decrease in the quantity demanded of good X, what can be said about the relationship between the two goods?a) They are normal goodsb) They are complementsc) They are substitutesd) They are unrelatedCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If an increase in the price of good Y leads to a decrease in the quantity demanded of good X, what can be said about the relationship between the two goods?a) They are normal goodsb) They are complementsc) They are substitutesd) They are unrelatedCorrect answer is option 'B'. Can you explain this answer?.
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