Author Question: If the price of good X increases and this causes an increase in the demand for good Y, then goods X ... (Read 89 times)

MirandaLo

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If the price of good X increases and this causes an increase in the demand for good Y, then goods X and Y are substitute goods.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If pork and beans is an inferior good, other things being equal, an increase in consumer income will decrease the demand for pork and beans.
 a. True
  b. False
  Indicate whether the statement is true or false



nickk12214

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Answer to Question 1

True

Answer to Question 2

True



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