If the cross elasticity of demand between goods a and

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If the cross elasticity of demand between goods A and B is positive,A) the demands for A and B are both price elastic.B) A and B are complements.C) A and B are substitutes.D) the demands for A and B are both price inelastic.
If the cross elasticity of demand between goods A and B is negative,
The greater the substitutability between Northwest timber and Southeast timber, the________ isthe cross elasticity of demand between timber from the two regions and the________ is theelasticity of demand for Northwest timber.
If goods A and B are complements,
If a rise in the price of good B increases the quantity demanded of good A,A) B is a substitute for A, but A is a complement to B.B) A is a substitute for B, but B is a complement to A.C) A and B are complements.D) A and B are substitutes.
If a fall in the price of good A increases the quantity demanded of good B,
The cross elasticity of demand between Coca-Cola and Pepsi-Cola isA rise in the price of good A will shift the
The income elasticity of demand is the percentage change in
A) income divided by the percentage change in price.B) the quantity demanded divided by the percentage change in income.C) the price divided by the percentage change in income.D) income divided by the percentage change in quantity demanded.

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Term
Fall
Professor
GOTWALT

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