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    Microeconomics Study Set 31
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    Exam 6: Describing Supply and Demand: Elasticities
  5. Question
    If Two Goods Have a Cross-Price Elasticity Value of +3
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If Two Goods Have a Cross-Price Elasticity Value of +3

Question 17

Question 17

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If two goods have a cross-price elasticity value of +3, are they substitutes or complements?

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