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vlademirsimon vlademirsimon
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8 months ago

Exhibit 20-4


Refer to Exhibit 20-4. As a consequence of the depicted change in the supply of X, the demand curve for Y shifted from D1 to D2. It follows that



▸

X and Y are substitutes.



▸

X and Y are complements.



▸

X and Y are inferior goods.



▸

demand for Y is price elastic.

Textbook 
Economics

Economics


Edition: 12th
Author:
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kimtrankimtran
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vlademirsimon Author
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8 months ago
You make an excellent tutor!
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Thank you, thank you, thank you!
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Thanks
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