Answered: if the amount of two commodities…

if the amount of two commodities purchased both increase or decrease when the price of one changes, the cross elasticity of demand between them negative positive equal one zero

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 34P: The equation for a demand curve is P=2/Q. What is the elasticity of demand as price falls from 5 to...

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if the amount of two commodities
purchased both increase or decrease
when the price of one changes, the
cross elasticity of demand between
them
negative
positive
equal one
zero

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