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Author Question: A rise in the price of good A shifts the ________ good B rightward if the cross elasticity of demand ... (Read 161 times)

Arii_bell

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on: Jun 29, 2018
A rise in the price of good A shifts the ________ good B rightward if the cross elasticity of demand between A and B is ________.
 
  A) demand curve for; negative
  B) demand curve for; positive
  C) supply curve of; negative
  D) supply curve of; positive

Question 2

If the price of one good increases by 3 percent and the quantity demanded of another good increases by 2 percent, the cross elasticity is ________ and the two goods are ________.
 
  A) 2/3, substitutes
  B) 2/3, complements
  C) 3/2, complements
  D) 3/2, substitutes


ankilker

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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