When the price of good X rises and the demand for good Y also rises, consumers are switching from X to Y. This positive cross-price elasticity indicates that X and Y are substitute goods.
"Increase in price of good 'x' leads to increase in demand of good 'Y'. " How the goods are related to.
CUET UG 2023 — Economics Micro
2023mcqeasy
"Increase in price of good 'x' leads to increase in demand of good 'Y'. " How the goods are related to.
Official previous-year question
Verified 13 Jul 2026.
Options
- A
Complementary goods
- B
Normal goods
- C
Inferior goods
- D
Substitute goods
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