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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 5: Elasticity of Demand and Supply
  5. Question
    The Cross-Price Elasticity of Demand Between Rifles and Bullets Is
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The Cross-Price Elasticity of Demand Between Rifles and Bullets Is

Question 134

Question 134

Multiple Choice

The cross-price elasticity of demand between rifles and bullets is likely to be


A) negative because the goods are complements
B) positive because the goods are complements
C) negative because the goods are substitutes
D) positive because the goods are substitutes
E) 0 because the goods are not substitutes

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