If the price of one good increases, and as a result the demand for another good increases, the goods are

A) substitutes.
B) normal goods.
C) complements.
D) inferior goods.

A

Economics

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Which of the following variables is the key determinant in deciding whether goods are to be bought domestically or imported?

A) The real exchange rate B) The domestic interest rate C) The nominal exchange rate D) The foreign interest rate

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Given the information in the above table, the relationship between x and y is

A) positive, and the curve becomes flatter as x increases. B) positive, and the curve becomes steeper as x increases. C) positive and linear. D) negative and linear.

Economics