I assume that the price of a car is constant and that 30 cars are sold per month in a small town. On the other hand, the price of gasoline rises from 15 to 20 pesos per liter, there is no other factor that influences the purchase plans and the number of cars sold drops to 28 per month.
a) What is the cross elasticity of demand for cars with respect to gasoline?
b) According to the previous section, are cars considered a substitute or complementary good for gasoline?