Multiple Choice
The price of Good B increases by 4 percent, causing the quantity demanded of Good A to decrease by 6 percent. The cross-price elasticity of demand is ________, and the goods are ________.
A) 1.5; substitutes
B) -1.5; complements
C) 0.67; complements
D) -0.67; substitutes
Correct Answer:
Verified
Correct Answer:
Verified
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