Author Question: Cross-price elasticity measures the responsiveness of the price of good A to a change in the price ... (Read 79 times)

go.lag

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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

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Answer to Question 1

B

Answer to Question 2

B



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