Solved

Suppose the Cross Elasticity of Demand for Two Goods,X and Y,is

Question 49

Multiple Choice

Suppose the cross elasticity of demand for two goods,X and Y,is positive.If the price of Y falls,then quantity demanded will

A) rise for both goods.
B) fall for both goods.
C) rise for X and fall for Y.
D) fall for X and rise for Y.
E) remain the same for both goods.

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