If the cross-price elasticity of demand for good A when the price of B changes is negative that indicates: a. That goods A and B are supplementary goods. b. That goods A and B are complementary goods. c. That goods A and B are necessity goods. d. That goods A and B are inferior goods.

If the cross-price elasticity of demand for good A when the price of B changes is negative that indicates: a. That goods A and B are supplementary goods. b. That goods A and B are complementary goods. c. That goods A and B are necessity goods. d. That goods A and B are inferior goods.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter5: Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 8QFR

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If the cross-price elasticity of demand for good A when the price of B changes is negative that indicates:

a. That goods A and B are supplementary goods.

b. That goods A and B are complementary goods.

c. That goods A and B are necessity goods.

d. That goods A and B are inferior goods.

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