Assume goods X and Y are complements and are produced in perfectly com
Assume goods X and Y are complements and are produced in perfectly competitive markets. All else constant, an increase in demand for good X would cause:
A) a decrease in the number of firms that produce good X.
B) an increase in the number of firms that produce good Y.
C) a decrease in the number of firms that produce good Y.
D) no effect on the number of firms that produce either good.
ANSWER
B
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