The greater the positive cross elasticity coefficient between products "x" and "y": O The closer the substitutability of "x and y" Ob The less sensitive the sales of x" are given a change in the price of "y" OC The more sensitive the sales of each product are to an increase in income Od. The closer "x and y are as complementary goods.
The greater the positive cross elasticity coefficient between products "x" and "y": O The closer the substitutability of "x and y" Ob The less sensitive the sales of x" are given a change in the price of "y" OC The more sensitive the sales of each product are to an increase in income Od. The closer "x and y are as complementary goods.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The greater the positive cross elasticity coefficient between products "x" and "y":
O a The closer the substitutability of "x" and y"
Ob The less sensitive the sales of "x" are given a change in the price of "y"
OC The more sensitive the sales of each product are to an increase in income
Od The closer "X and "y" are as complementary goods.
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