Engineering, 14.12.2021 14:20, destiny465

Economics Question (24) Cross price elasticity of demand (Cɛd) between good X and some other goods is
as follows:

between good X and good A is (-) 0.7
between good X and good B is (+) 0.7
between good X and good C is (–) 1.9
between good X and good D is (+) 1.8

if the prices of the substitutes goods rise, which of the above goods (A, B, C,D) will increase the demand for good X the most.

Answers: 3

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Economics Question (24) Cross price elasticity of demand (Cɛd) between good X and some other goods...