Question
There is a decrease in the price of spinach because of an increase in the production of thisyear's broccoli crop. Choose the statement that is
There is a decrease in the price of spinach because of an increase in the production of thisyear's broccoli crop. Choose the statement that is correct.
A.
The demand curve for spinach shifted leftward and the cross elasticity of demand for broccoli with respect to the price of spinach is positive.
B.
The demand curve for broccoli shifted leftward and the cross elasticity of demand for broccoli with respect to the price of spinach is negative.
C.
The supply curve of broccoli shifted rightward and the cross elasticity of demand for broccoli with respect to the price of spinach is negative.
D.
The demand curve for spinach shifted rightward and the cross elasticity of demand for broccoli with respect to the price of spinach is positive.
E.
The demand curve for broccoli shifted leftward and the cross elasticity of demand for broccoli with respect to the price of spinach is positive.
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