You are told that the cross-price elasticity between goods $$\(X\)$$ and $$\(Y\)$$ is +2.0 . This means that
A.
goods X and Y are normal goods.
B.
goods X and Y are inferior goods.
C.
goods X and Y are complementary goods.
D.
goods X and Y are substitute goods.
E.
demand for good X is twice as elastic as demand for good Y .
Exam No： AP Micro Practice Test 4 Year：2024 Question No：23
Answer:
D
Knowledge points:
2.1 Demand
2.2 Supply
2.5 Other Elasticities
Solution:
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