The Figure Given Below Shows the Demand Curves for Five

question 64

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1

-When the cross-price elasticity of demand for two goods is a positive number, one can correctly conclude that:

• A)the goods are normal goods.
• B)the goods are inferior goods.
• C)the goods are substitutes.
• D)the goods are complements.
• E)total revenue will increase when the price increases.

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