Multiple Choice
When the price of good X increases by 20 percent, the quantity demanded of good Y increases by 40 percent. The cross-price elasticity of demand is equal to _____, and these goods are:
A) 0.5; complements.
B) 2; complements.
C) -0.5; substitutes.
D) 2; substitutes.
Correct Answer:

Verified
Correct Answer:
Verified
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