Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 6 - Elasticity - Review Questions - Page 150: 6

Answer

Product A and B are compliments as their cross elasticity is positive. Products C and D are substitutes because their cross elasticity is negative.

Work Step by Step

Product A and B are compliments as their cross elasticity is positive. Products C and D are substitutes because their cross elasticity is negative.
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