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Author Question: The cross elasticity of demand for Good A and Good B is -0.7. This means that (Read 28 times)

EY67

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on: May 24, 2019
The cross elasticity of demand for Good A and Good B is -0.7.  This means that
◦ if the price of Good A increases by 10 percent, the quantity demanded of Good B decreases by 7 percent.
◦ if the price of Good A increases by 10 percent, the quantity demand of Good B increases by 7 percent.
◦ the goods are substitutes.
◦ the goods are complements.
◦ both if the price of Good A increases by 10 percent, the quantity demanded of Good B decreases by 7 percent and the goods are complements are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by EY67 on May 24, 2019

Madisongo23

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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EY67

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

shewald78

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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