If two goods are complements, their cross elasticity of demand will normally be
a. zero.
b. a negative number.
c. a positive number.
d. infinity.
b
Economics
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If a curve rises and then falls, it has a
A) slope that is negative and then positive. B) minimum. C) linear relationshi
Economics
Suppose the price elasticity of demand for oil is 0.1. In order to lower the price of oil by 20 percent, the quantity of oil supplied must be increased by.
A) 200 percent B) 20 percent C) 2 percent D) 0.2 percent.
Economics