An increase in the price of commodity X led to a fall in the supply of commodity Y. Commodities X and Y are

  • A competitive goods
  • B composite goods
  • C jointly supplied
  • D derived goods
waec 2022economics

The correct answer is A. competitive goods

Competitive goods means goods and/or services that meet the same buyer or customer needs as one or more goods and /or services offered by a member or any of its affiliates. An increase in the price of commodity X led to a fall in the supply of commodity Y. Commodities X and Y are competitive supply.

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