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Assume Apples and Oranges Are Substitutes

Question 139

Multiple Choice

Assume apples and oranges are substitutes.Suppose apple growers launch a successful advertising campaign that convinces consumers apples are a better product.As a result the cross-price elasticity of apples and oranges will become


A) Less negative (move closer to zero) .
B) More negative.
C) Less positive (move closer to zero) .
D) More positive.

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