If the demand curve for product A moves to the right, and the price of product B increases, it can be concluded that:                  a-) A and B are substitute goods;                  b-) A and B are complementary goods;                   c-) A is an inferior good, and B is a superior good;                  d-) Both goods A and B are inferior.

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter3: Demand, Supply, And The Market Proces
Section: Chapter Questions
Problem 15CQ
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  • If the demand curve for product A moves to the right, and the price of product B increases, it can be concluded that:

                 a-) A and B are substitute goods;

                 b-) A and B are complementary goods;

                  c-) A is an inferior good, and B is a superior good;

                 d-) Both goods A and B are inferior.

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