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    Microeconomics Study Set 29
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    Exam 4: Elasticity
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    If Two Goods, X and Y, Have a Negative Cross-
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If Two Goods, X and Y, Have a Negative Cross-

Question 61

Question 61

Multiple Choice

If two goods, X and Y, have a negative cross- elasticity of demand, then we know that they


A) each have a price elasticity greater than one.
B) are both normal goods.
C) are substitutes.
D) are complements.
E) are both inferior goods.

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