Multiple Choice
If a rise in the price of good B increases the demand for good A,then
A) A and B are substitutes and the cross elasticity of demand for good A with respect to the price of good B is positive.
B) A and B are complements.
C) the cross elasticity of demand between A and B is 1.
D) A and B are substitutes and the cross elasticity of demand for good A with respect to the price of good B is negative.
E) the demand for A is price elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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