[Answered] Substitutes are pairs of goods that have a positive cross-price elasticity of demand. a. True b. ...

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Author Question: Substitutes are pairs of goods that have a positive cross-price elasticity of demand. a. True b. ... (Read 76 times)

dejastew

Hero Member
Posts: 562

on: Jul 1, 2018

Substitutes are pairs of goods that have a positive cross-price elasticity of demand.
a. True
b. False

Question 2

If its value of cross-price elasticity is negative, a good must be a necessity.
a. True
b. False

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Marked as best answer by a Subject Expert

mrphibs

Sr. Member
Posts: 307

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

B

dejastew

Member
Posts: 562

Reply 2 on: Jul 1, 2018

Wow, this really help

essyface1

Member
Posts: 347

Reply 3 on: Yesterday

Great answer, keep it coming

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