Skip to main content
Macroeconomics
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Back
Cross-Price Elasticity of Demand
Download worksheet
Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Cross-Price Elasticity of Demand
Download worksheet
Practice
Summary
Previous
6 of 9
Next
4. Elasticity / Cross-Price Elasticity of Demand / Problem 6
Problem 6
The price of gym memberships increases, and the quantity demanded of home exercise equipment also increases. What logical conclusion can be drawn?
A
Gym memberships and home exercise equipment are luxury goods.
B
Gym memberships and home exercise equipment are substitutes.
C
Gym memberships and home exercise equipment are complements.
D
Gym memberships and home exercise equipment are unrelated.
AI tutor
0
Show Answer