An increase in the price of commodity X led to a fall in the supply of commodity Y. Commodities X and Y are
-
competitive goods
- composite goods
- jointly supplied
- derived goods
The correct answer is: A
Explanation
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.