- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 12. Topics in Demand and Supply Analysis
- Subject 2. Elasticities of Demand
CFA Practice Question
The cross elasticity of demand for a complementary product would most likely be ______.
A. positive
B. negative
C. zero
Explanation: The cross elasticity of demand is negative for a complement and positive for a substitute.
User Contributed Comments 0
You need to log in first to add your comment.