When cross elasticity of demand is a large positive number, one can co

1.	When cross elasticity of demand is a large positive number, one can conclude that
Answer» The good is a substitute When cross elasticity of DEMAND is a LARGE positive number, one can conclude that the good is complement. Two GOODS that complement each other have a negative cross elasticity of demand: as the price of good Y RISES, the demand for good X FALLS.

When cross elasticity of demand is a large positive number, one can conclude that

Answer»

The good is a substitute

When cross elasticity of DEMAND is a LARGE positive number, one can conclude that the good is complement. Two GOODS that complement each other have a negative cross elasticity of demand: as the price of good Y RISES, the demand for good X FALLS.

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When cross elasticity of demand is a large positive number, one can conclude that

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