Two goods, X and Y, are complementary goods. Column 1 of the table below shows the original market situation at time period 1 and column 2 shows the situation following an increase in the price of good Y.
The value of cross elasticity of demand for good X with respect to the price of good Y lies between
1 )
–1.7 and –2.6.
2 )
–0.8 and –1.3.
–0.3 and –0.8.
4 )
+0.3 and +0.6.
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