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(Figure: Quantity of Good Y and X IV) the Price

Question 14

Multiple Choice

(Figure: Quantity of Good Y and X IV) The price of good Y decreased from $20 to $10. (Figure: Quantity of Good Y and X IV) The price of good Y decreased from $20 to $10. The cross-price elasticity of demand for good X with respect to good Y is ____. A) positive B) negative C) zero D) infinite The cross-price elasticity of demand for good X with respect to good Y is ____.


A) positive
B) negative
C) zero
D) infinite

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