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You notice that the price of ultrapure water rises 8%, the demand for chip grade silicon declines 2%. Which is true: Chip grade is a

You notice that the price of ultrapure water rises 8%, the demand for chip grade silicon declines 2%.

Which is true:

  • Chip grade is a complement to Ultrapure water with a cross-price elasticity of -0.25
  • Chip grade silicon is a substitute to ultra pure water with a cross-price elasticity of -4
  • Chip grade silicon is a substitute to ultra pure water with a cross-price elasticity of +4
  • Chip grade silicon is a complement to ultra pure water with a cross-price elasticity of +0,25

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