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Raina Consumes 100% More Mechanical Pencils When the Price of Felt-Tip

Question 208

Multiple Choice

Raina consumes 100% more mechanical pencils when the price of felt-tip pens increases by 50%.For Raina,pencils and pens are _____,and the cross-price elasticity of demand is _____.


A) complements;0.5
B) substitutes;-0.5
C) complements;2
D) substitutes;2

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