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The Figure Given Below Shows the Demand Curves for Five

Question 43

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1 -When product A is a substitute for product B, the cross-price elasticity of demand for products A and B will be _____. A) unity B) negative C) positive D) decreasing E) increasing
-When product A is a substitute for product B, the cross-price elasticity of demand for products A and B will be _____.


A) unity
B) negative
C) positive
D) decreasing
E) increasing

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