question what happens when two goods are complements? select the correct answer below. the cross - price…

question what happens when two goods are complements? select the correct answer below. the cross - price elasticity of demand of each good with respect to the other is positive. the cross - price elasticity of demand for each good with respect to the other is zero. the cross - price elasticity of demand for each good with respect to the other is negative. one good has a positive cross - price elasticity of demand with respect to the other, and the other good has a

question what happens when two goods are complements? select the correct answer below. the cross - price elasticity of demand of each good with respect to the other is positive. the cross - price elasticity of demand for each good with respect to the other is zero. the cross - price elasticity of demand for each good with respect to the other is negative. one good has a positive cross - price elasticity of demand with respect to the other, and the other good has a

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. For complementary goods, when the price of one good increases, the demand for the other good decreases. This results in a negative cross - price elasticity of demand.

Answer:

The cross - price elasticity of demand for each good with respect to the other is negative.