An increase in the price of commodity X led to a fall in the supply of commodity Y. Commodities X and Y are

A. competitive goods
B. composite goods
C. jointly supplied
D. derived goods

Correct Answer:

Option A – competitive goods

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.