True/False
If the cross price elasticity of demand is negative,then the two goods under consideration must be complements.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q17: If the price of goods X and
Q18: An Engel curve shows the relationship between
Q19: Normal goods have income elasticities greater than
Q20: The price elasticity of cigarettes has been
Q21: Elasticity measures are preferred by economists to
Q23: A market with demand Q = 100
Q24: Consider the income and substitution effects corresponding
Q25: Economists use the term normal good to
Q26: If the price of a non-Giffen good
Q27: A parallel shift in the budget line