WAEC Economics 2018 Objective — Question 7
Question 7 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
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If the price of commodity X rises and consumers shift to commodity Y, then commodities X and Y are
- A. substitutesCorrect
- B. complements
- C. inferior goods
- D. bought together
Explanation
Goods where a rise in the price of one causes consumers to switch to the other are substitute goods.
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