A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2018 · Q111 Mark
Goods X and Y are complements and have upward-sloping supply curves. What will be the effect on the equilibrium price and quantity of good X of an increase in the supply of good Y? [Table: quantity of X, price of X A decrease decrease B decrease increase C increase decrease D increase increase]
Aquantity of X: decrease, price of X: decrease
Bquantity of X: decrease, price of X: increase
Cquantity of X: increase, price of X: decrease
Dquantity of X: increase, price of X: increase
✓ Correct answer
D: quantity of X: increase, price of X: increase
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