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(Figure: Good Y and Good X IV) the Cross-Price Elasticity

question 44

Multiple Choice

(Figure: Good Y and Good X IV) The cross-price elasticity of demand for good X with respect to good Y is _____ in panel (a) and _____ in panel (b) .
Panel (a) Panel (b) (Figure: Good Y and Good X IV)  The cross-price elasticity of demand for good X with respect to good Y is _____ in panel (a)  and _____ in panel (b) . Panel (a)  Panel (b)      A)  zero; negative B)  negative; positive C)  positive; negative D)  negative infinity; positive
(Figure: Good Y and Good X IV)  The cross-price elasticity of demand for good X with respect to good Y is _____ in panel (a)  and _____ in panel (b) . Panel (a)  Panel (b)      A)  zero; negative B)  negative; positive C)  positive; negative D)  negative infinity; positive


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