Multiple Choice
Suppose the cross-price elasticity of demand for apple sauce and avocados is 0.96, but the cross-price elasticity for soda and oranges is -0.80. This means that apple sauce and avocados are _____, while soda and oranges are _____.
A) complements; substitutes
B) substitutes; complements
C) inelastic goods; elastic goods
D) elastic goods; complements
Correct Answer:
Verified
Correct Answer:
Verified
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