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Home Q & A Board Other Fields Homework Help Business Economics
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chomtong chomtong
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6 years ago
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.
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DeToXiFYDeToXiFY
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#1
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6 years ago
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chomtong Author
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6 years ago
Thanks for your help!!
mmmm_dat_userna
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Yesterday
You make an excellent tutor!
karamsidhu1
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2 hours ago
Good timing, thanks!
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