Cross Price Elasticity. For two goods, A & B: 11. Suppose that the % Change in Quantity Demanded of Good A is -20% when the % Change in Price of Good B is -30%. E = ___________ So the two Goods are: _____________________ (Complements, Substitutes) 12. Suppose that the % Change in Quantity Demanded of Good A is +60%, when the % Change in Price of Good B is -30%. E = ___________ So the two Goods are: _____________________ (Complements, Substitutes) ______ 13. If Cross-price elasticity is +1.2, the two goods are: A. used Hondas and used Toyotas. B. Salsa & Corn chips. Income Elasticity. 14. Suppose the %Change in Quantity Demanded is -10%, when the %Change in INCOME is -20%. E = So this Good is __________________________ (Normal/Superior, Inferior) 15. Suppose the % Change in Quantity Demanded is -50%, when the %Change in INCOME is +10%. E = So this Good is __________________________ (Normal/Superior, Inferior) 16. Give example of an "inferior good": ___________________________