V2

Suppose that the price of good A went down by 22% and the quantity of good B goes down by 70.4%. According to the elasticity that you calculate, choose each of the following words that can be used to describe this good. **You will get 1 mark for each right choice and -0.25 marks for each wrong choice * * Select one or more: a. substitute b. strong c. necessity d. complement Le. weak f. inferior g. elastic h. inelastic luxury