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

Income elasticity of demand — practice question

Goods X and Y are complements. What effect will an increase in the supply of good Y have on 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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