Suppose the cross-price elasticity of demand between quinces and muskmelons is 5 . Which of the following must be true?

a. Quinces are normal goods.
b. Muskmelons are normal goods.
c. If the price of quinces rises by $5, the demand for muskmelons will increase by 1.
d. If the price of muskmelons rises by $5, the demand for quinces will increase by 1.
e. Quinces and muskmelons are substitutes.


E

Economics

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