question\nif the cross - price elasticity of demand for two goods is positive, then the goods are \nselect…

question\nif the cross - price elasticity of demand for two goods is positive, then the goods are \nselect the correct answer below:\nsubstitutes\ncomplements\nsurplus\nshortage

question\nif the cross - price elasticity of demand for two goods is positive, then the goods are \nselect the correct answer below:\nsubstitutes\ncomplements\nsurplus\nshortage

Answer

Brief Explanations:

Cross - price elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good. When it is positive, an increase in the price of one good leads to an increase in the quantity demanded of the other good, which is the characteristic of substitute goods. For example, if the price of coffee rises, the demand for tea (a substitute) may increase.

Answer:

A. substitutes