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Title: Which of the following is true? Post by: rsbains on Mar 17, 2019 Which of the following is true? • If the cross-price elasticity of demand between two goods is negative, then the two goods are complements. • If the income elasticity of demand f is greater than 0, then the good is labeled as inferior. • The law of demand states that as the price of a commodity rises, the changes in consumer surplus is negative. • The law of diminishing marginal utility states that utility declines as more of a good is consumed. Title: Which of the following is true? Post by: crdsa on Mar 17, 2019 Content hidden
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