Question: 2 4 ) If goods are complements, for sure their a . Cross price elasticities are positive. b . Cross price elasticities are negative. c
If goods are complements, for sure their a Cross price elasticities are positive. b Cross price elasticities are negative. c Cross price elasticities are zero. d Income elasticity is negative e Income elasticity is positive. Demand is perfectly inelastic when a The good in questions has perfect substitutes b Shifts in the supple curve results in no change in price. c Shifts in the supply curve results in no change in quantity demanded. d Shifts in the supply curve results in no change in the total revenues e An upward shift in the supply curve results in a decrease in the total revenues The income elasticity of demand is high for a shelter b luxuries c clothing d food e inferior goods
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