A3 percent decrease in the price of milk causes a 12 percent increase in the quantity demanded of chocolate syrup. What is the cross-price elasticity of demand for chocolate syrup with respect to the price of milk? Instructions: Enter your response as a whole number. If you are entering a negative number, be sure to include a negative sign (-). Cross-price elasticity of demand equals 11 because when the cross-price The two goods are complements elasticity of demand is negative, the two goods are complements. negative, the two goods are substitutes. positive, the two goods are substitutes. positive, the two goods are complements