The cross-price elasticity of demand between bananas and apples is most likely
A) positive.
B) negative.
C) zero.
D) More information is needed to determine.

Question

Quizplus · Accepted Answer

Bananas and apples are substitutes as they can be used interchangeably in terms of fulfilling a person's fruit consumption, hence the cross-price elasticity of demand between the two fruits should be positive.

The Cross-Price Elasticity of Demand Between Bananas and Apples Is