Multiple Choice
If the cross elasticity of demand between two goods is -0.56, then a fall in the price of one good leads to a ________ shift of the ________ curve of the other good.
A) rightward; demand
B) rightward; supply
C) leftward; demand
D) leftward; supply
E) rightward; demand curve and the supply
Correct Answer:
Verified
Correct Answer:
Verified
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