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Exhibit 20-4 -Refer to Exhibit 20-4.As a Consequence of the Depicted Change

Question 172

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Exhibit 20-4
Exhibit 20-4 -Refer to Exhibit 20-4.As a consequence of the depicted change in supply of X,the demand curve for Y shifted from D<sub>1 </sub>to D<sub>2</sub>.What is true of the cross elasticity of demand for Y? A) Ec > 0 B) Ec < 0 C) Ec = 0 D) It cannot be determined from the information provided.
-Refer to Exhibit 20-4.As a consequence of the depicted change in supply of X,the demand curve for Y shifted from D1 to D2.What is true of the cross elasticity of demand for Y?


A) Ec > 0
B) Ec < 0
C) Ec = 0
D) It cannot be determined from the information provided.

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