Thursday, 28 January 2016

Cima C04 Exam Question No 40

Question No 40:

If the demand curves for Good A shifts to the left when the price of Good B rises, we may conclude that?

A.
The goods are substitutes.
B.
Good A is an inferior good.
C.
The goods are complements.
D.
The demand for Good A is price elastic.

Answer: A

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