If the cross-price elasticity of demand between Softballs and Baseballs  is -1.2, the price of Baseballs increases, and the price elasticity of demand for Baseballs  is elastic, we can expect to see a ________ change in the quantity demanded for Softballs.    answer options:  a) negative, large b) negative, infinite c) positive, small d) negative, one-for-one e) positive, zero

Exploring Economics
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ISBN:9781544336329
Author:Robert L. Sexton
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Chapter6: Elasticities
Section: Chapter Questions
Problem 8P: If the elasticity of demand for hamburgers equals 21.5 and the quantity demanded equals 40,000,...
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If the cross-price elasticity of demand between Softballs and Baseballs  is -1.2, the price of Baseballs increases, and the price elasticity of demand for Baseballs  is elastic, we can expect to see a ________ change in the quantity demanded for Softballs. 

 

answer options: 

a) negative, large
b) negative, infinite
c) positive, small
d) negative, one-for-one
e) positive, zero
 
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