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    Exam 10: Identifying Markets and Market Structures
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    If Two Foods Are Perfect Substitutes, the Cross Elasticity Between
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If Two Foods Are Perfect Substitutes, the Cross Elasticity Between

Question 101

Question 101

Multiple Choice

If two foods are perfect substitutes, the cross elasticity between them is


A) zero
B) negative
C) between zero and one
D) infinite
E) there is no specific cross elasticity for perfect substitutes

Correct Answer:

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