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    If Two Goods Are Substitutes, Their Cross-Price Elasticity of Demand
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If Two Goods Are Substitutes, Their Cross-Price Elasticity of Demand

Question 238

Question 238

Multiple Choice

If two goods are substitutes, their cross-price elasticity of demand should be:


A) less than 0.
B) negative yet almost equal to 0.
C) equal to 0.
D) greater than 0.

Correct Answer:

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