Multiple Choice
Refer to the information provided in Figure 5.5 below to answer the question that follows. Figure 5.5
-Refer to Figure 5.5. As the price of good W increased, the demand for good Y shifted from D1 to D2. The cross-price elasticity of demand between W and Y is
A) positive.
B) negative.
C) zero.
D) indeterminate from this information.
Correct Answer:

Verified
Correct Answer:
Verified
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