Multiple Choice
The cross price elasticity between X and Y is -1.8. We can conclude that
A) goods X and Y are substitutes.
B) goods X and Y are complements.
C) goods X and Y are unrelated.
D) perfect substitutes
Correct Answer:
Verified
Related Questions
Q298: When two goods are complements,
A) the demands
Q299: Q300: When the price of sausages is $2.00 Q303: A measure of the responsiveness of the Q306: Two items which have a negative cross
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents