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Author Question: Suppose the cross elasticity of demand between two goods, X and Y, is negative. If the price of X ... (Read 90 times)

najmarocks25

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on: Oct 12, 2022

Question 1

If two goods, X and Y, have a positive cross elasticity of demand, then we know that they
◦ are both normal goods.
◦ each have a price elasticity greater than one.
◦ are substitutes.
◦ are complements.
◦ are both inferior goods.

Question 2

Suppose the cross elasticity of demand between two goods, X and Y, is negative. If the price of X decreases, the quantity demanded will
◦ rise for X and fall for Y.
◦ fall for X and rise for Y.
◦ fall for both goods.
◦ rise for both goods.
◦ not change.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by najmarocks25 on Oct 12, 2022

jbsuccess1

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Reply #1 on: Oct 12, 2022
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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najmarocks25

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

rleezy04

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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