Question
If there are just two goods and a rise in price of Good X causes the consumer to buy more of Good Y, then the
If there are just two goods and a rise in price of Good X causes the consumer to buy more of Good Y, then the two goods are substitutes.
That would true right? Or would it be False?
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
