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If the Cross Elasticity of Demand Between Goods X and Y

Question 420

Multiple Choice

If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is negative, then X and Y are ________ and X and Z are ________.


A) price inelastic; complements
B) complements; substitutes
C) substitutes; complements
D) price inelastic; income elastic

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