Multiple Choice
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
-Suppose the manager of a store wants to know whether the product of the store across the street is a substitute for her product. In other words, she would need to know if the _____ for the products is positive.
A) cross-price elasticity of demand
B) price elasticity of demand
C) income elasticity of demand
D) price elasticity of supply
E) cross-price elasticity of supply
Correct Answer:

Verified
Correct Answer:
Verified
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