the elasticity of demand for dell & gateway computers which statement is false? ?
a. Goods have a cross elasticity of demand greater then zero b. goods have a demand curve that is negatively sloped c. goods are substitutes d. all of the above.
Public Comments
- This is a trick question, D is false. you know B is true all good have downward sloping demand curves. also you know that C is true because to most people, a dell is just as good as a gateway so you could substitute one for the other. A is true because substitute goods have a cross elasticity of demand that is greater than zero.
- Goods that are substitutes have a cross elasticity greater than zero. Dell and gateway computers are substitutes, How can a be false?
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