Economy, asked by palstyasingh815, 1 month ago

if the cross elasticity of demand within to good is positive state the how to goods related to each other .​

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Answered by Anonymous
2

Answer:

A positive cross elasticity of demand means that the demand for good A will increase as the price of good B goes up. This means that goods A and B are good substitutes, so that if B gets more expensive, people are happy to switch to A. An example would be the price of milk.

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