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    Exploring Microeconomics
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    Exam 5: Elasticity
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    The Cross-Price Elasticity Between Soda and Salty Chips Is -3
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The Cross-Price Elasticity Between Soda and Salty Chips Is -3

Question 38

Question 38

True/False

The cross-price elasticity between soda and salty chips is -3. From this we can tell that the demand for salty chips is elastic.

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