Solved

If the Cross Elasticity of Demand Between Good a and Good

Question 319

Multiple Choice

If the cross elasticity of demand between good A and good B is negative,then a decrease in the price of good A results in


A) an increase in the demand for good B.
B) a decrease in the demand for good B.
C) a movement downward along the demand curve for good B.
D) an increase in the supply of good B.
E) a decrease in the supply of good B.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions