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Author Question: Negative cross-price elasticity of demand indicates that a. the product is an inferior good b. the ... (Read 121 times)

CQXA

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on: Jul 1, 2018
Negative cross-price elasticity of demand indicates that
 a. the product is an inferior good
  b. the product is a necessity
  c. the product is a luxury
  d. the two products are substitutes
  e. the two products are complements

Question 2

Substitutes are pairs of products with
 a. positive cross-price elasticity of demand
  b. negative cross-price elasticity of demand
  c. positive income elasticity of demand
  d. negative income elasticity of demand
  e. positive price elasticity of demand


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Dinolord

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

A


CQXA

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Reply #2 on: Jul 1, 2018
Correct answers!


Dinolord

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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