CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

In the demand function, Py refers to the price of another good, Y. This good can be a ______.

I. substitute
II. complement
III. inferior good
Correct Answer: I and II

User Contributed Comments 2

User Comment
VT04 If the good was an inferior good, the demand function would be negative (-Py)
yesitan if the good is complement, shouldnt it be -
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