If two commodities are complements then:

a. the cross-price elasticity will be zero.
b. the cross-price elasticity will be one.
c. the cross-price elasticity will be negative.
d. the cross-price elasticity will be positive.

C

Economics

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Consumer surplus increases when the market price of a commodity declines

Indicate whether the statement is true or false

Economics

Positive statements are not

a. descriptive. b. prescriptive. c. claims about how the world is. d. made by economists speaking as scientists.

Economics