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

Price elasticity of demand — practice question

The diagrams illustrate the impact of a shift in the market for good X on the market for good Y. What conclusion can be drawn from the diagrams?

  • AX and Y are complements.
  • BX and Y are in joint supply.
  • CX and Y are substitutes.
  • DY is a derived demand from X.

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