An increase in the demand for corn is more than offset by an increase in its supply. As a result the equilibrium price will __________ and the...

Over which price range is the demand unit-elastic?a. $18-$16

b. $16-$14

c. $14-$12

d. $12-$10

20. The cross elasticity of demand for product X with respect to the price of product Y is 2. It can be inferred that X and Y are

a. substitute products.b. secondary products.

c. better products.

d. unrelated products.

decrease, increase