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Loraine Loraine
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8 years ago
If a lower price for good X increases the demand for good Y, the cross elasticity value for the two goods is
A) negative.
B) equal to zero.
C) positive and less than one.
D) positive and greater than one.
E) possibly negative, positive, or zero, but there is not enough information to decide.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 195 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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