Multiple Choice
If the cross elasticity of demand between goods A and B is positive,then
A) the demands for A and B are both price elastic.
B) the demands for A and B are both price inelastic.
C) A and B are complements.
D) A and B are substitutes.
E) A and B are inferior goods.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q13: Suppose there is an increase in the
Q14: A rise in the price of good
Q15: The price elasticity of demand for airplane
Q16: When the price elasticity of demand is
Q17: If a 10 percent rise in the
Q19: Suppose the price of a television set
Q20: Which one of the following illustrates an
Q21: A good has a price elasticity of
Q22: If the supply curve passes through the
Q23: The concept used by economists to indicate