If Two Goods,X and Y,have a Negative Cross Elasticity of Demand,then

question 17

Multiple Choice

If two goods,X and Y,have a negative cross elasticity of demand,then we know that they

• A)are substitutes.
• B)are complements.
• C)are both inferior goods.
• D)each have a price elasticity greater than one.
• E)are both normal goods.

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Definitions:

Integrity Versus Despair

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