Multiple Choice
Which of the following pairs of goods are most likely to have a negative cross-price elasticity of demand?
A) Hotdogs and hotdog buns
B) Coke and Pepsi
C) Rail tickets and plane tickets
D) A Luciano Pavarotti compact disc and a Placido Domingo compact disc (Both Pavarotti and Domingo are opera stars.)
Correct Answer:
Verified
Correct Answer:
Verified
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