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- Subject
- Supply and Demandeconomics-mcqs › supply-and-demand
- Published
- 29 May 2019
- Last updated
- 28 May 2026
If the demand for product Z increases as the price of product Y decreases, how would you classify the relationship between goods Z and Y?
Multiple choice question for Supply and Demand. Select an option, then review the explanation below.
Explanation
When the demand for one good rises as the price of another falls, the two goods are considered complements because they are typically used together.
More Supply and Demand MCQs
Practice related questions from the same subject.
- 1.What is the typical shape of a demand curve?
- 2.What term describes a company earning profits beyond its normal profit level?
- 3.How does an increase in marginal cost affect output, and how does an increase in marginal revenue impact output?
- 4.Marginal revenue refers to the ________ resulting from producing an additional ________ of output.
- 5.What are firms generally assumed to do with their costs and profits?