The price of X falls by ten percent, and the quantity demanded of X increases by ten percent. Meanwhile, the quantity demanded of Y increases by ten percent too. We would conclude that
A) demand for X is elastic, and X and Y are substitutes.
B) demand for X is elastic, and X and Y are complements.
C) demand for X is unit-elastic, and X and Y are complements.
D) demand for X is inelastic, and X and Y are unrelated.
C
Economics
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A) It is equal to the public debt. B) It is a stock variable. C) It is a flow variable. D) none of the above
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________ occurs when one party takes advantage of having more information than another party about the attributes of the good or service they will exchange
A) A negative externality B) Adverse selection C) A transaction cost D) Moral hazard
Economics