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(Figure: VI) the Price of Good Y Increased from $1

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(Figure: VI) The price of good Y increased from $1.00 to $5.00. (Figure: VI) The price of good Y increased from $1.00 to $5.00.    a. Explain whether goods X and Y are complements or substitutes. b. Calculate the cross-price elasticity of demand for good X with respect to good Y. c. What happened to the demand curve for good X?
a. Explain whether goods X and Y are complements or substitutes.
b. Calculate the cross-price elasticity of demand for good X with respect to good Y.
c. What happened to the demand curve for good X?


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