Skip to main content
Macroeconomics
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
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