I need the answer as soon as possible 59. When cross elasticity of demand isa large positive number, one canconclude thatA. O The good is normalB. O The good is inferiorC. O The good is a substituteD. O The good is complement

To find : Effect on cross elasticity of demand when it is large positive number.

Answered: When cross elasticity of demand is a…

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When cross elasticity of demand is a large positive number, one can conclude that

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 15CTQ: Income Effects depend on the income elasticity of demand for each good limit you buy. If one of the...

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I need the answer as soon as possible

59. When cross elasticity of demand is
a large positive number, one can
conclude that
A. O The good is normal
B. O The good is inferior
C. O The good is a substitute
D. O The good is complement

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