If a 10% increase in the price of one good A results in an increase of 5% in the quantity demanded of another good B, then it can be concluded that the two goods A & B are:
A. Complementary goods
B. Substitute good
C. Independent goods
D. Normal goods

In microeconomics, two things are considered substitutes if customers may use them for the same purpose. Having more of one thing makes a buyer want less of the other good because they regard both goods as similar or equivalent. Contrary to independent and complementary products, substitute goods may displace one another in usage as a result of shifting economic conditions. Coca-Cola and Pepsi are two examples of substitute commodities; they may be used interchangeably because they both meet the same need, which is the demand of customers for a soft drink. These replacements might be thought of as close substitutes.

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If a 10% increase in the price of one good A results in an increase of 5% in the quantity demanded of another good B, then it can be concluded that the two goods A & B are: A. Complementary goods B. Substitute good C. Independent goods D. Normal goods

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If a 10% increase in the price of one good A results in an increase of 5% in the quantity demanded of another good B, then it can be concluded that the two goods A & B are:
A. Complementary goods
B. Substitute good
C. Independent goods
D. Normal goods