Answer to Question #221856 in Microeconomics for Sthembiso Lipheyan

Question #221856

What type of goods are gas and electricity if the cross elasticity of demand between these two goods are positive


1
Expert's answer
2021-08-02T15:49:04-0400

Gas and electricity are substitutes because as the price of one of the items rises, the demand for the other one rises.


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