Income
Distribution
Investment
Price elasticity of demand =
The value of cross elasticity of demand ranges from
Zero to infinity
Minus infinity to plus infinity
One to infinity
Zero to one
Price elasticity of demand of a vertical demand curve is called
Perfectly elastic
Elastic
Inelastic
Perfectly inelastic
Cross elasticity of demand is
Negative for complementary goods
Negative for substitute goods
Unitary for inferior goods
When a change in price results in an infinitely large response in quantity demanded, demand is
Unit elastic
