If the cross price elasticity of demand between two products is-08888
If the cross price elasticity of demand between two products is +3.5, then:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Final Term - Quiz No.13.
If the cross price elasticity of demand between two products is +3.5, then:
One of the products is expensive and one is relatively inexpensive.
One product is a normal good and the other is an inferior good.
The two products are complements.
The two products are substitutes.
