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Home Q & A Board Other Fields Homework Help Business Economics
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apadong apadong
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7 years ago
The cross-price elasticity of demand between good X and good Y is 0.5.  Given this information, which of the following statements is TRUE?
A) Goods X and Y are substitutes.
B) The demand for goods X and Y is inelastic.
C) The demand for goods X and Y is income inelastic.
D) Goods X and Y are complements.
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DeToXiFYDeToXiFY
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#1
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7 years ago
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apadong Author
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7 years ago
Smart ... Thanks!
ethom947
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Yesterday
Thank you, thank you, thank you!
courtneyrmcd
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2 hours ago
Helped a lot
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