Question : If the cost of good "X" decreases, increasing the demand for product "Y," then both goods are:
Option 1: Subsittude Goods
Option 2: Complementary goods
Option 3: Inter-related goods
Option 4: None of these
Correct Answer: Complementary goods
Solution : If the cost of good "X" decreases, increasing the demand for product "Y," then both goods are complementary goods. When two goods are complements, they experience joint demand - the demand of one good is linked to the demand for another good. Therefore, if a higher quantity is demanded of one good, a higher quantity will also be demanded of the other, and vice versa. Hence the correct answer will be option B..
Question : The demand curve will shift forward when ______.
Question : Products that have alternative uses are known as:
Question : If $x^4+x^2 y^2+y^4=133$ and $x^2-x y+y^2=7$, then what is the value of $xy$?
Question : Which of the following statements is correct? I. If $x=12, y=-2$ and $z=-10$, then $x^3+y^3+z^3=360$. II. If $x+y=48$ and $4 x y=128$, then $4 x^2+4 y^2=4480$.
Question : If $x+y+z=17, x y z=171$ and $x y+y z+z x=111$, then the value of $\sqrt[3]{\left(x^3+y^3+z^3+x y z\right)}$ is:
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