Question

Two goods will be classified as ______ if the

Q: Answer-Two goods will be classified as ______ if the cross-price elasticity between them is negative.

The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes . Complementary goods are products which are used together like toothbrush and toothpaste. The cross elasticity of demand for complementary goods is negative i.e. as the price of one good goes up, the demand for both goods fall.

cross-price elasticity between them is negative.

A Normal

B Inferior

C Substitutes

D Complements

E Luxury

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Two goods will be classified as ______ if the

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