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Title: The cross-price elasticity of demand between good X and good Y is -3. Given this information, which ...
Post by: chomtong on Jun 27, 2017
The cross-price elasticity of demand between good X and good Y is -3.  Given this information, which of the following statements is TRUE?
A) The demand for goods X and Y is elastic.
B) The demand for goods X and Y is income elastic.
C) Goods X and Y are complements.
D) Goods X and Y are substitutes.


Title: Re: The cross-price elasticity of demand between good X and good Y is -3. Given this information, ...
Post by: DeToXiFY on Jun 27, 2017
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