Author Question: The cross-price elasticity of demand between milk and soft drinks is likely to be a. negative ... (Read 79 times)

kodithompson · **on:** Jul 1, 2018

The cross-price elasticity of demand between milk and soft drinks is likely to be
a. negative because the goods are complements
b. positive because the goods are complements
c. negative because the goods are substitutes
d. positive because the goods are substitutes
e. 0 because the goods are not usually consumed by the same person at one time

Question 2

The cross-price elasticity of demand between rifles and bullets is likely to be
a. negative because the goods are complements
b. positive because the goods are complements
c. negative because the goods are substitutes
d. positive because the goods are substitutes
e. 0 because the goods are not substitutes