If the cross-price elasticity of demand is -5, Good A and Good B are:O A) complements.O B) substitutes.O C) normal goods.D) inferior goods.

Answered: If the cross-price elasticity of demand…

If the cross-price elasticity of demand is -5, Good A and Go O A) complements. O B) substitutes. O C) normal goods. D) inferior goods.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Elasticity

Section: Chapter Questions

Problem 2WNG: As the price of good X rises from 10 to 12, the quantity demanded of good Y rises from 100 units to...

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If the cross-price elasticity of demand is -5, Good A and Good B are:
O A) complements.
O B) substitutes.
O C) normal goods.
D) inferior goods.

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