Economy, asked by priyankamohan231, 1 year ago

Cross elasticity of demand is positive for

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Answered by shyam644136
1

https://goo.gl/search/Cross+elasticity+of+demand+is+positive+for

Other Demand Elasticities | Boundless Economics Complements: Two goods that complement each other have a negative cross elasticity of demand: as the price of good Y rises, the demand for good X falls. A positive cross-price elasticity value indicates that the two goods are substitutes.

Answered by DJshirsath
1

Answer:

Explanation:

The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes. ... Alternatively, the cross elasticity of demand for complementary goods is negative.

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