CFA Practice Question

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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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