menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 5: Elasticity and Its Applications: The Elasticity of Demand
  5. Question
    If the Cross-Price Elasticity of Two Goods Is Positive,then the Two
Solved

If the Cross-Price Elasticity of Two Goods Is Positive,then the Two

Question 147

Question 147

Multiple Choice

If the cross-price elasticity of two goods is positive,then the two goods are


A) substitutes.
B) complements.
C) normal goods.
D) inferior goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q122: Your younger sister needs $50 to buy

Q142: When demand is inelastic,an increase in price

Q143: Get Smart University is contemplating an increase

Q144: When the price of chai tea lattés

Q145: If the price elasticity of demand for

Q146: Jerome says that he will spend exactly

Q150: Figure 5-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 5-8

Q151: Suppose that 300 bottles of soda are

Q152: Suppose goods A and B are substitutes

Q172: For a particular good, a 12 percent

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines