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

Income elasticity of demand — practice question

Goods X and Y are complements, and both have upward-sloping supply curves. What effect will an increase in the supply of good Y have on the equilibrium price and quantity of good X?

  • Aquantity of X: decrease; price of X: decrease
  • Bquantity of X: decrease; price of X: increase
  • Cquantity of X: increase; price of X: decrease
  • Dquantity of X: increase; price of X: increase

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