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Suppose the Cross- Elasticity of Demand Between Two Goods, X

Question 22

Multiple Choice

Suppose the cross- elasticity of demand between two goods, X and Y, is negative. If the price of X decreases, the quantity demanded will

A) not change.
B) fall for both goods.
C) fall for X and rise for Y.
D) rise for both goods.
E) rise for X and fall for Y.

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