Economics 9708 · AS & A Level · Price elasticity of demand

Price elasticity of demand — practice question

Which row gives the correct description of the relationship between two goods suggested by the value of the cross elasticity of demand?

  • A–2.0 weak complements
  • B–0.5 weak substitutes
  • C+0.5 weak substitutes
  • D+2.0 strong complements

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