The cross-price elasticity of demand between bananas and apples is most likely:
A)positive.
B)negative.
C)zero.
D)more information is need to determine.

Name: The cross-price elasticity of demand between bananas and apples is most likely: A)positive. B)negative. C)zero. D)more information is need to determine.
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Question

Quizplus · Accepted Answer

Bananas and apples are typically substitute goods, so an increase in the price of one is likely to increase the demand for the other, resulting in a positive cross-price elasticity.

The Cross-Price Elasticity of Demand Between Bananas and Apples Is