Question

Many consumers consider goods X and Y to be complements. If there is an increase in the price of good X, then (all else the same) in the market for good Y there will be a shift in the supply curve to the left. Group of answer choices True False

Answer 1

Answer:

False

Explanation:

Complement goods are goods that are consumed together.

If the price of good X increases, producers would increase their supply of good Y and X.

An increase in supply shifts the supply curve to the right.

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