If a 6 percent decrease in the price of Good A results in an increase of 4 percent in the quantity demanded of Good B, then it can be concluded that Goods A and B are
A)substitutes goods.
B)complementary goods.
C)independent goods.
D)normal goods.

Question

Quizplus · Accepted Answer

A decrease in the price of Good A leading to an increase in the quantity demanded of Good B suggests that the two goods are complementary, as the consumption of one increases the consumption of the other.

If a 6 Percent Decrease in the Price of Good