If an increase in the supply of good A decreases the demand for good B,then
A) the cross elasticity of supply for good B with respect to the price of good A is negative.
B) the elasticity of supply for good A is greater than 1.
C) A and B are complements.
D) A and B are substitutes.
E) the demand for A is price elastic.
Correct Answer:
Verified
Q96: The price elasticity of demand depends on
A)the
Q97: Q98: Demand is unit elastic when Q99: With higher fuel costs,airlines raise their average Q100: With higher fuel costs,airlines raise their average Q102: If the quantity of carrots demanded increases Q103: Suppose that a 20 percent increase in Q104: If a 10 percent increase in income Q105: Fred's income increases from $800 per week Q106: Luxury goods tend to have income elasticities
A)an increase in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents