Multiple Choice
Consider the following data for a hypothetical economy. TABLE 4- 5
-Refer to Table 4- 5. The cross- price elasticity of demand for transit passes in terms of the price of gasoline is _. We can therefore conclude that these two goods are .
A) 0.5; substitutes
B) 0.33; substitutes
C) 0.2; substitutes
D) 5.0; complements
E) 0.2; complements
Correct Answer:

Verified
Correct Answer:
Verified
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