Multiple Choice
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
-When the cross-price elasticity of demand for two goods is a positive number, one can correctly conclude that:
A) the goods are normal goods.
B) the goods are inferior goods.
C) the goods are substitutes.
D) the goods are complements.
E) total revenue will increase when the price increases.
Correct Answer:

Verified
Correct Answer:
Verified
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