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When the price of good X rises the demand for good Y falls explain what this relationship implies about the two goods?relationship implies about the two goods. Goods X and Y must be complements. When the price of good X rises, the quantity of good X demanded will fall. If the demand for Y also falls, the two goods must be used together.
How are goods X and Y related when as a result of rise in the price of good X the demand for good Y increases?If price of good X increases and as a result the demand for good Y increases, this means they are substitute goods.
What is the relationship between good X and good Y?Solution : (i) Goods x and y are complementary goods as with fall in price of x, demand for good y rises.
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