Question

if the demand for good'y' increases as the price of another good'x' rises,how are the two goods related?

Answer 1

In economics, a complementary good or complement is a good with a negative cross elasticity of demand, in contrast to a substitute good. This means a good's demand is increased when the price of another good is decreased. Conversely, the demand for a good is decreased when the price of another good is increased.

Answer 2

Substitutes are the correct answer to this question.

Explanation:

When the demand for good X rises with the increases in the cost of good Y, the gaining speed is said to be substituted. This is because replacement items are those which are consumed in the location of one another. So, if the cost of one product increases, the supply for many other costs. similarly will soar.

In economics, in contrast to a replacement good, a form correctly or supplement is a benefit with a negative elevating of the market. Is such the demand for a good is doubled when the cost of yet another good is lowered .

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