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stars_and_moon stars_and_moon
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Posts: 3218
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8 years ago
When the price of Good X increases from $2 to $3, the quantity demanded of good Y increases from 30 to 50. The cross-price elasticity of demand is ________ and Good X and Good Y are ________.
A) 0.8; complements
B) 0.8; substitutes
C) 1.25; complements
D) 1.25; substitutes
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kingbykingby
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#1
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7 years ago
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#2
7 years ago
Incredible!
wrote...
#3
7 years ago
Yup, vote with confidence!
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