If good X has a negative cross-price elasticity of demand with good Y and good X also

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If good X has a negative cross-price elasticity of demand with good Y and good X also has a negative income elasticity of demand, then

a. X is a substitute for Y, and X is a normal good.

b. X is a substitute for Y, and X is an inferior good.

c. X is a complement for Y, and X is a normal good.

d. X is a complement for Y, and X is an inferior good.

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Exploring Macroeconomics

ISBN: 9781285859446

7th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 31, 2024 07:00 AM

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If good X has a negative cross-price elasticity of demand with good Y and good X also

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Exploring Macroeconomics

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