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14. Suppose the original demand for good R is 20 units and the new demand for R is 10 units. For good T, the original price is $8 and the new price is $6. What is the cross-price elasticity of demand between R and T and how are R and T related? a. 0.43, compliments b. 5, compliments c. -2.33, substitutes d. 2.33, substitutes e. -0.43, compliments

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14.   Suppose the original demand for good R is 20 units and the new demand for R is 10 units. For

good T, the original price is $8 and the new price is $6. What is the cross-price elasticity of demand between R and T and how are R and T related?

         a.  0.43, compliments

         b.  5, compliments

         c.  -2.33, substitutes

         d.  2.33, substitutes

         e.  -0.43, compliments

 
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