If beef and pork are substitutes for consumers,the cross elasticity of demand between the two products must be
A) negative.
B) positive.
C) indeterminate.
D) elastic.
E) greater than 1.

Question

Quizplus · Accepted Answer

If beef and pork are substitutes for consumers, an increase in the price of beef will lead to an increase in the demand for pork. Therefore, the cross elasticity of demand between the two products must be positive.

If Beef and Pork Are Substitutes for Consumers,the Cross Elasticity