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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.5
Suppose the cross-price elasticity of demand between coffee and tea is -0.8. Which of the following statements is most likely true?
Coffee and tea are luxury goods.
Coffee and tea are complements.
Coffee and tea are unrelated goods.
Coffee and tea are substitutes.
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AP Microeconomics - 2.5 Other Elasticities
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Cross-Price Elasticity of Demand
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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