If the cross-price elasticity between goods X and Y is zero,we know the goods are:
A) independent.
B) complements.
C) inelastic.
D) substitutes.

Question

Quizplus · Accepted Answer

If the cross-price elasticity between goods X and Y is zero, it means that a change in the price of one good (X) will not have any effect on the demand for the other good (Y). This suggests that the two goods are independent and not related as substitutes, complements, or inelastic goods.

If the Cross-Price Elasticity Between Goods X and Y Is