Question 9 (1 point)

Saved

Suppose certain types of skilled labor and computer information processing power can be thought of as complement goods with a cross-price elasticity of -0.25. If so, what happens to the quantity demanded of skilled labor units if over several years the price of the computer information processing power falls 60%? Quantity demanded for skilled labor units will

Question 9 options:

a)	fall by 15%

b)	rise by 15%

c)	fall by 30%

d)	rise by 30%