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Two goods, X and Y, are said to be complementary when?
Question 1
Report
Two goods, X and Y, are said to be complementary when?
A fall in the price of X raises the demand for Y
A fall in the price of X causes a fall in the demand for Y
A fall in the price of X does not affect the demand for Y
A rise in the price of X does not affect the demand for Y
The two goods are competitive.
Answer Details
Read lesson note on Theory Of Consumer Behaviour (WAEC)
Read lesson note on The Theory Of Demand (JAMB)
Theory Of Consumer Behaviour
The Theory Of Demand
View Answer