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

Price elasticity of demand — practice question

Good X acts as a substitute for good Y and as a complement to good Z. What would occur following a decrease in the price of good X?

  • AOnly the demand for X will rise.
  • BDemand for X, Y and Z will rise.
  • CDemand for Y will fall and for Z will rise.
  • DDemand for Y will rise and for Z will fall.

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