Negative cross-price elasticity of demand indicates that
a. the product is an inferior good
b. the product is a necessity
c. the product is a luxury
d. the two products are substitutes
e. the two products are complements
E
Economics
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The approach economists use to analyze competition among oligopolists is called
A) marginal analysis. B) game theory. C) competition among the few. D) oligopoly theory.
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Rural-urban migrants differ from the rest of the rural population in that they are more likely to be
(a) well educated (b) poor (c) female (d) all of the above
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