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AP® Microeconomics

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Moderate

Elasticity of Demand: Cross-Price Elasticity Calculation

APMICR-XE4HSL
P of X Q of Y
1 2
2 2
3 2
4 2



Using the above table to calculate cross price elasticity, what is the relationship between goods $X$ and $Y$?

A

Inferior

B

Normal

C

Substitutes

D

Complements

E

Independent