Fill This Form To Receive Instant Help
Homework answers / question archive / If a good C increases in price by 30% a pound, and this cause the quantity demanded for a good D to increase by 40%, what is the cross-price elasticity of the two goods? Round your answer to one decimal place
If a good C increases in price by 30% a pound, and this cause the quantity demanded for a good D to increase by 40%, what is the cross-price elasticity of the two goods?
Round your answer to one decimal place.
What is the relationship between the two goods?
a) Compliments
b) Substitutes
c) No relationship
Already member? Sign In