Multiple Choice
Which of the following statements would show that veggie burgers are a substitute for regular hamburgers?
A) If you calculate the income elasticity and get a negative number
B) If you calculate the income elasticity and get a decimal less than one
C) If you calculate the cross-price elasticity and get zero
D) If you calculate the cross-price elasticity and get a positive number
Correct Answer:
Verified
Correct Answer:
Verified
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