Multiple Choice
If the cross-price-elasticity of goods X and Y is negative,then the sales of X move:
A) in the same direction as the price of Y,and X and Y are complementary goods.
B) in the opposite direction as the price of Y,and X and Y are complementary goods.
C) in the opposite direction as the price of Y,and X and Y are substitute goods.
D) in the same direction as the price of Y,and X and Y are substitute goods.
Correct Answer:

Verified
Correct Answer:
Verified
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