Multiple Choice
If pizza and beer are complementary goods, we can conclude that
A) the income elasticity of demand is negative.
B) their cross- elasticity of demand is negative.
C) the income elasticity of demand is positive.
D) both goods are inferior goods.
E) their cross- elasticity of demand is positive.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: An inferior good has<br>A) a positive income
Q34: A vertical demand curve shows that the
Q35: Cross- price elasticity of demand may
Q36: The table below shows the demand
Q37: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 4- 2
Q39: The imposition of an excise tax will
Q40: Suppose the market supply curve for some
Q41: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 4- 2
Q42: Income elasticity measures the change in quantity
Q43: <span class="ql-formula" data-value="\text { Demand Schedule for