Multiple Choice
Considering the concept of cross-price elasticity,when two goods are complements:
A) an increase in the price of one will cause a decrease in the quantity demanded of the other.
B) an increase in the price of one will cause an increase in the quantity demanded of the other.
C) a decrease in the price of one will cause a decrease in the quantity demanded of the other.
D) None of these is true.
Correct Answer:
Verified
Correct Answer:
Verified
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