Toothpaste and toothbrushes are complements, so the ________ elasticity of demand is ________.
A) cross; positive
B) income; negative
C) cross; negative
D) income; positive

Name: Toothpaste and toothbrushes are complements, so the ________ elasticity of demand is ________. A) cross; positive B) income; negative C) cross; negative D) income; positive
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

Complementary goods have a negative cross elasticity of demand, meaning that as the price of one good increases, the demand for its complement decreases.

Toothpaste and Toothbrushes Are Complements, So the ________ Elasticity of Demand