English

If the demand for good Y increases as the price of good X increases, how are the two goods related?

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Question

If the demand for good Y increases as the price of good X increases, how are the two goods related?

Very Short Answer
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Solution

Goods X and Y are substitutes.

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Chapter 3: Demand - OBJECTIVE QUESTIONS [Page 3.45]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 3 Demand
OBJECTIVE QUESTIONS | Q 5. | Page 3.45
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