Which of the following two goods is likely to have a negative cross-price elasticity of demand?

Name: Which of the following two goods is likely to have a negative cross-price elasticity of demand?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Left and right shoes are complements, meaning they are typically consumed together. If the price of left shoes were to increase, consumers would be less likely to buy right shoes as well, resulting in a negative cross-price elasticity of demand.

Which of the Following Two Goods Is Likely to Have