Economics · Theory of Demand
If a reduction in the price of good X leads to a decrease in the demand for good Y, then goods X and Y are:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Complementary goods
- 2Substitute goods✓
- 3Giffen goods
- 4Unrelated goods
Correct answer
Substitute goods
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