Author Question: If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is ... (Read 35 times)

amal · **on:** Jun 29, 2018

If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is negative, then X and Y are ________ and X and Z are ________.

A) price inelastic; complements
B) complements; substitutes
C) substitutes; complements
D) price inelastic; income elastic

Question 2

In the above figure, the amount of tax revenue is

A) 2,000.
B) 4,000.
C) 6,000.
D) 8,000.