You are told that the cross-price elasticity between goods X and Y is +2.0. This means that
If Exy > 0, goods are substitutes.
269 MCQ for effective preparation of the test of Microeconomics of Economics section.
Read the MCQ statement: You are told that the cross-price elasticity between goods X and Y is +2.0. This means that , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 25-4035.