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Fill with the correct words ______________________ will have a ___________________________ since if the % change in price is positive, the % change in quantity will

Fill with the correct words

______________________ will have a ___________________________ since if the % change in price is positive, the % change in quantity will be negative and vice-versa. _____________________will have a ____________________________ since if the % change in price is positive, the % change in quantity will be positive and vice-versa. _____________________will have a_____________________________ since if the % change in income is positive, the % change in quantity will be positive and vice-versa. _____________________ will have a ______________________________ since if the % change in income is positive, the % change in quantity will be negative and vice-versa.

Words list :

  • A complement
  • negative cross-price elasticity
  • positive cross-price elasticity
  • positive income elasticity
  • A inferior good
  • A normal good
  • negative income elasticity
  • A substitute

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