Multiple Choice
Suppose the cross elasticity of demand for two goods,X and Y,is positive.If the price of Y falls,then quantity demanded will
A) rise for both goods.
B) fall for X and rise for Y.
C) fall for both goods.
D) rise for X and fall for Y.
E) remain the same for both goods.
Correct Answer:
Verified
Correct Answer:
Verified
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