If the cross-price elasticity of demand between two goods is negative, what is the relationship between the two goods?
The goods are complements.
Economics
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A convertible currency is a currency that may be freely exchanged for
A) domestic assets. B) only silver. C) only copper. D) national currency. E) foreign currencies.
Economics
Which of the following is an assumption of the decision-making process followed by consumers to maximize utility?
A. Marginal utility always increases as more units of a good are consumed. B. The consumer's income increases as prices of goods increase. C. The consumer considers the prices of the products. D. The consumer oftentimes is not sure about her preferences.
Economics