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Suppose We Find That the Cross Elasticities Between Two Goods

Question 37

Multiple Choice

Suppose we find that the cross elasticities between two goods are relatively high, and their cross elasticities with goods outside the market are zero. From this we can conclude that these two goods


A) are produced by monopolies
B) have relatively high prices
C) are unrelated
D) have inelastic demand curves
E) belong to the same market

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