Economics 9708 · AS & A Level · Income elasticity of demand

Income elasticity of demand — practice question

Goods X and Y are complements. How will an increase in the supply of good Y affect the equilibrium price and quantity of good X?

  • Aprice of X decrease, quantity of X decrease
  • Bprice of X decrease, quantity of X increase
  • Cprice of X increase, quantity of X decrease
  • Dprice of X increase, quantity of X increase

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