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    Principles of Microeconomics
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    Exam 5: Elasticity and Its Application
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    If the Cross-Price Elasticity of Demand of Two Goods Is
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If the Cross-Price Elasticity of Demand of Two Goods Is

Question 151

Question 151

Multiple Choice

If the cross-price elasticity of demand of two goods is 2.5,what would the two goods be


A) complements
B) luxuries
C) normal goods
D) substitutes

Correct Answer:

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