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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
The cross price elasticity of demand between good X and good Y is 0.25. Which of the following statements is true?
A) The two goods are substitutes because the cross price elasticity is less than one.
B) The two goods are complements because the cross price elasticity is greater than zero.
C) The two goods are complements because the cross price elasticity is less than one.
D) The two goods are substitutes because the cross price elasticity is greater than zero.
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kingbykingby
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#1
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Posts: 3218
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7 years ago
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#2
7 years ago
Incredible!
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#3
7 years ago
I was slightly debating this one, thanks for the feedback
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