NEED ANSWER RIGHT NOW?
If a 10 percent increase in the price of good X results in a 20 percent increase in the quantity of good Y demanded, which of the following is true?
Good X and good Y are complementary goods, and the cross-price elasticity is −0.5. bGood X and good Y are normal goods, and the income elasticity is +2. cGood X and good Y are substitute goods, and the income elasticity is +2. dGood X and good Y are complementary goods, and the cross-price elasticity is −2. eGood X and good Y are substitute goods, and the cross-price elasticity is −2.