Cross-price elasticity measures the responsiveness of the price of good A to a change in the price ...

Author Question: Cross-price elasticity measures the responsiveness of the price of good A to a change in the price ... (Read 114 times)

go.lag

Hero Member
Posts: 667

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
Posts: 341

Reply #1 on: Jul 1, 2018

Answer to Question 1

B

Answer to Question 2

B

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