Multiple Choice
If the cross elasticity of demand for good A with respect to good B is 2.3, then good A is a(n)
A) substitute for good
B) complement for good
C) normal good.
D) inferior good.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q206: In general, the flatter the supply curve,
Q207: The owner of a kayak tour business
Q208: If the managers of the Miami Transit
Q209: If demand is inelastic, a reduction in
Q210: A poultry rancher discovered that when she
Q212: One practical reason that economists use percentages
Q213: If the price of Citgo gasoline increases
Q214: A demand curve that is elastic<br>A) implies
Q215: Cross elasticity of demand is defined as
Q216: If demand is elastic, a reduction in