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Use the information in the table below to identify the type of cross elasticity relationship between products X and Y and whether demand is cross
Use the information in the table below to identify the type of cross elasticity
relationship between products X and Y and whether demand is cross elastic or cross
inelastic in each of the following five cases, A to E.
(15 marks)
Percent change
Percent change in quantity Cross elasticity Cross Elastic
Cases in price of Y demanded of X type or Inelastic?
A 5 7 ______________ ____________
B -9 -6 ______________ ____________
C 5 -5 ______________ ____________
D 3 0 ______________ ____________
E -2 10 ______________ -____________
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