Good X and Good Y are complementary goods. If the price of Good X increases, discuss briefly its likely impact on the demand for Good Y.

OR

If the income of a consumer increases, discuss briefly its likely impact on the demand for a normal good, Good X.

● Good X and Good Y are complementary goods and are jointly demanded.

● If the price of Good X increases, the demand for Good Y will fall.

● This is due to the inverse relationship between the price of the good and the demand for its complementary good.

OR

If the income of a consumer increases, it will increase his purchasing power. His demand for normal good X will also increase. the demand for normal good is directly related to his income.