Suppose Goods a and B Are Substitutes for Each Other

question 152

Multiple Choice

Suppose goods A and B are substitutes for each other.We would expect the cross-price elasticity between these two goods to be

• A)positive.
• B)negative.
• C)either positive or negative.It depends whether A and B are normal goods or inferior goods.
• D)either positive or negative.It depends whether the current price level is on the elastic or inelastic portion of the demand curve.

Recognize the necessity of multilingual websites for global competitiveness.

Grasp the underlying concept of hypertext and its significance to the WWW structure.

Learn about the evolution and latest trends in teleconferencing technologies.

Understand the developments and strategic shifts in Internet connectivity options.

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