If the cross-price elasticity of demand between two goods is positive,

If the cross-price elasticity of demand between two goods is positive, we can assume that the two goods in question are:

A) complements.
B) substitutes.
C) inferior goods.
D) totally unrelated to one another.

 

ANSWER

B

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00