It is reasonable to believe that the cross-price elasticity of demand between paint and paint brushes is always positive.

Name: It is reasonable to believe that the cross-price elasticity of demand between paint and paint brushes is always positive.
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Question

Quizplus · Accepted Answer

The cross-price elasticity of demand between paint and paint brushes is likely to be negative because they are complementary goods; as the price of paint increases, the demand for paint brushes typically decreases, and vice versa.

It Is Reasonable to Believe That the Cross-Price Elasticity of Demand