If commodities X and Y are substitute, their cross elasticit…

Source: JAMB · 2023

If commodities X and Y are substitute, their cross elasticity of demand will be

  1. Positive ✓
  2. Zero
  3. One
  4. Negative
Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.

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