Multiple Choice
If the cross-price elasticity between good X & Y is positive, we know the goods are:
A) inferior goods.
B) complements.
C) inelastic.
D) substitutes.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q76: The lower the standard error:<br>A) the less
Q148: When the price of sugar was "low",
Q149: The demand for which of the following
Q151: Suppose the own-price elasticity of demand for
Q151: Suppose the demand for good x is
Q153: Assume that the price elasticity of demand
Q155: The demand for good X is estimated
Q155: A price elasticity of infinity corresponds to
Q156: A price elasticity of zero corresponds to
Q157: If the cross-price elasticity between ketchup and