Which of the following statements is true?
A) The price elasticity of demand is positive when there is an inverse relationship between price and quantity demanded.
B) A positive income elasticity indicates that demand for a good rises as consumer income falls.
C) A positive cross-price elasticity for two goods A and B would arise if A and B were demand complements.
D) A negative cross-price elasticity for two goods A and Bwould arise if
A and B were demand complements.
Correct Answer:
Verified
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