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The cross-price elasticity of demand for coffee and coffee-cream is likely to be Group of answer choices

User Sory
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Answer:

B) less than zero.

Step-by-step explanation:

Since the coffee and the coffee cream are consumed and used together so they are considered to be the complement goods to each other

In this case, the cross price elasticity of demand is negative and while on the other hand if the two goods are considered to be a substitute than this would be a positive

Hence, it should be less than zero i.e. negative

Therefore the correct option is B.

User Manoj Patil
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