Question 25 (2 points) What does the elasticity of demand for luxuries tend to be? O greater than 1 equal to 1 O less than 1 O equal to 0 Question 26 (2 points) What does cross-price elasticity of demand measure? how the quantity demanded of a good changes as price changes how the quantity demanded of a good changes as income changes O how the quantity demanded of one good changes as the price of another good changes O how the price of a good is affected as the price of another good changes