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Author Question: Cross-price elasticity measures the responsiveness of the price of good A to a change in the price ... (Read 36 times)

go.lag

  • Hero Member
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on: Jul 1, 2018
Cross-price elasticity measures the responsiveness of the price of good A to a change in the price of good B.
 a. True
  b. False

Question 2

When the cross-price elasticity of demand between two products is positive, the two goods are said to be substitutes.
 a. True
  b. False


vboyd24

  • Sr. Member
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  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


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