Economy, asked by mayureshkathe27, 6 months ago

A positive cross price elasticity coefficient implies that:


A) Two products are substitutes


B) Two products are jointly demanded


C) Two products are complementary


D) Two products have no relation

​

Answers

Answered by Mehak005
4

A positive cross-price elasticity value indicates that the two goods are substitutes. For substitute goods, as the price of one good rises, the demand for the substitute good increases

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