if the amount of two commodities purchased both increase or decrease when the price of one changes, the cross elasticity of demand between them negative positive equal one zero
if the amount of two commodities purchased both increase or decrease when the price of one changes, the cross elasticity of demand between them negative positive equal one zero
Chapter1: Making Economics Decisions
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Transcribed Image Text:22
if the amount of two commodities
purchased both increase or decrease
when the price of one changes, the
cross elasticity of demand between
them
negative
positive
equal one
zero
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