What is the relation between good x and good y in each case, if with a fall in price of x demand for good y (i) rises and (ii) falls ? Give reason.

What is the relation between good x and good y in each case, if with a

1.	What is the relation between good x and good y in each case, if with a fall in price of x demand for good y (i) rises and (ii) falls ? Give reason.
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :(i) <a href="https://interviewquestions.tuteehub.com/tag/goods-1009877" style="font-weight:bold;" target="_blank" title="Click to know more about GOODS">GOODS</a> <a href="https://interviewquestions.tuteehub.com/tag/x-746616" style="font-weight:bold;" target="_blank" title="Click to know more about X">X</a> and y are complementary goods as with fall in <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> of x, demand for good y rises , (<a href="https://interviewquestions.tuteehub.com/tag/ii-1036832" style="font-weight:bold;" target="_blank" title="Click to know more about II">II</a>) Goods x and y are substitude goods as with fall in price of x, demand for good y also falls.</body></html>