Multiple Choice
The price of product C rises by 10%. As a result, the quantity demanded of product D rises by 20%. The cross-price elasticity of demand between product C and product D is _____, and they are _____.
A) -2; substitutes
B) 0.5; substitutes
C) 2; substitutes
D) 1.5; complements
Correct Answer:
Verified
Correct Answer:
Verified
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