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djchewinggum djchewinggum
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2 months ago

Which of the following statements represents a correct and sequentially accurate economic explanation?



▸

Goods X and Y are substitutes. The price of X falls, the quantity demanded of X rises, and the demand for Y rises.



▸

Goods X and Y are substitutes. The price of X rises, the demand for X falls, and the demand for Y rises.



▸

Goods X and Y are substitutes. The price of X falls, the demand for X rises, and the quantity demanded of Y rises.



▸

Goods X and Y are substitutes. The price of X falls, the quantity demanded of X rises, and the demand for Y falls.



▸

Goods X and Y are complements. The price of X falls, the quantity demanded of X rises, and the demand for Y falls.

Textbook 
Economics

Economics


Edition: 12th
Author:
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doublekuddoublekud
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2 months ago
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Goods X and Y are substitutes. The price of X falls, the quantity demanded of X rises, and the demand for Y falls.
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djchewinggum Author
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2 months ago
Just got PERFECT on my quiz
klyn
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Yesterday
Thanks for your help!!
jaray75
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2 hours ago
Thanks
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