If the cross elasticity of demand between goods A and B is negative
A) the demands for A and B are both price elastic.
B) the demands for A and B are both price inelastic.
C) A and B are complements.
D) A and B are substitutes.
C
Economics
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According to the text, an open economy is likely to have all the following EXCEPT
A) relatively more rapid spread of ideas. B) relatively more trade barriers. C) high technological progress. D) high economic growth.
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If the interest rate on Swiss franc assets increases while interest rates in the United States remain constant, the
A) quantity of dollars demanded will decrease. B) demand for dollars will increase. C) demand for dollars will decrease. D) quantity of dollars demanded will increase.
Economics