The Percentage Change in the Quantity Demanded of Good X

question 190

Multiple Choice

The percentage change in the quantity demanded of good X is 20 percent and the percentage change in the price of good Y is 10 percent. It follows that the __________ elasticity of demand is __________ and that the two goods are __________.

• A)income; 0.50; substitutes
• B)cross; 2.00; complements
• C)cross; 0.50; substitutes
• D)cross; 2.00; substitutes
• E)price; 2.00; substitutes

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