A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2018 · Q71 Mark
The cross-elasticity of demand between two goods will be higher
Athe greater the difference in price between the two goods.
Bthe greater the income elasticities of demand for the two goods.
Cthe greater the price elasticities of demand for the two goods.
Dthe more they are regarded as similar by consumers.
✓ Correct answer
D: the more they are regarded as similar by consumers.
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