If the coefficient of cross elasticity of demand for good...
If the coefficient of cross elasticity of demand for goods Y and Z is positive, the two goods are?
Complements
Substitutes
Luxurious
Inferior
Correct answer is B
A positive cross-price elasticity value indicates that the two goods are substitutes.
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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