MCQ 9 If the cross-price elasticity of demand between products X and Y is positive, we can infer that: A products X and Y are complementary goods the demand for both products must be price inelastic,...


MCQ 9<br>If the cross-price elasticity of demand between products X and Y is positive, we can infer that:<br>A<br>products X and Y are complementary goods<br>the demand for both products must be price inelastic, to ensure that a fall in the price of one of the products does not lead to a decrease in the demand for the<br>В<br>other product<br>C<br>I do not want to answer this question.<br>D<br>the price elasticity of demand for both products must be positive<br>E<br>the income elasticity of demand for both products must be negative, because the multiplication of two negative numbers gives a positive number<br>F<br>products X and Y are substitute goods<br>

Extracted text: MCQ 9 If the cross-price elasticity of demand between products X and Y is positive, we can infer that: A products X and Y are complementary goods the demand for both products must be price inelastic, to ensure that a fall in the price of one of the products does not lead to a decrease in the demand for the В other product C I do not want to answer this question. D the price elasticity of demand for both products must be positive E the income elasticity of demand for both products must be negative, because the multiplication of two negative numbers gives a positive number F products X and Y are substitute goods

Jun 09, 2022
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