If the cross elasticity of demand is −2 : a. The goods are substitutes b. The good is inferior c. The goods are complements d. The demand is elastic Question 3 Not yet answered Marked out of 4.00 P Flag question Income increases from 20,000 to 22,000 . Then, Quantity demanded increases from 5000 to 6000 units. Which of the following is correct? a. The good is normal b. The good is inferior c. Demand is price elastic d. Demand is price inelastic Question 4 Not yet answered Marked out of 4.00 Flag question The price decreases from £2,000 to £1,800. Quantity demanded per year increases from 5000 to 6000 units. Which of the following is correct? a. The demand is inelastic b. The good is inferior c. The demand is elastic d. The good is normal Question 5 Not yet answered Marked out of 4.00 ∇ Flag question Assume that the demand for coke increases by 10% following an increase of the price of orange juice by 20%. The cross-price elasticity of demand for coke is equal to a. −0.5 b. −2 c. 2 d. 0.5