Suppose the Cross- Elasticity of Demand for Two Goods, X

question 45

Multiple Choice

Suppose the cross- elasticity of demand for two goods, X and Y, is positive. If the price of Y falls, then quantity demanded will

• A) rise for X and fall for Y.
• B) fall for X and rise for Y.
• C) fall for both goods.
• D) remain the same for both goods.
• E) rise for both goods.

---

Definitions:

Original Workbook

In the context of spreadsheet software, it refers to the primary file in which data and calculations are initially created and stored.

Primary Key Field

A unique identifier for each record in a database table, ensuring that no two rows have the same value in this field.

CustomerID

A unique identifier assigned to each customer in a database, allowing businesses to track and manage customer information effectively.

CustomerNumber

A unique identifier assigned to customers for identification and record-keeping purposes.