Question: multiple choice QUESTION 1 Consider two goods, squash racquets and gym passes. If the price of gym passes increases and, as a consequence, the demand

multiple choice

QUESTION 1 Consider two goods, squash racquets and gym passes. If the price of gym passes increases and, as a consequence, the demand curve for racquets shifts to the left, then C) A- squash racquets and gym passes are complements. O 3- squash racquets and gym passes are inferior goods. 0 C- squash racquets and gym passes are substitutes. O 0- squash racquets and gym passes are unrelated. 1 points Save Answer QUESTION 2 The cross-price elasticity of demand between substitutes O A. is positive. O B. is zero. 0 C. is negative if the price elasticity of each good is inelastic, but positive if the price elasticity of each good is elastic. O D. is negative

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