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16 Apr 2018
49) The cross elasticity of demand for good X with respect to the price of good Y is negative. X is a normal good and Y is an inferior good. The supply of good X is perfectly elastic. A rise in income the equilibrium price of good X. A) might raise or lower B) will lower C) will raise D) will have no effect on E) initially raise but then lower
49) The cross elasticity of demand for good X with respect to the price of good Y is negative. X is a normal good and Y is an inferior good. The supply of good X is perfectly elastic. A rise in income the equilibrium price of good X. A) might raise or lower B) will lower C) will raise D) will have no effect on E) initially raise but then lower
larryrambo777Lv10
12 Mar 2023
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Lelia LubowitzLv2
17 Apr 2018
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