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  3. Study Set
    Managerial Economics
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    Exam 3: Quantitative Demand Analysis
  5. Question
    If the Cross-Price Elasticity Between Good X & Y Is
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If the Cross-Price Elasticity Between Good X & Y Is

Question 152

Question 152

Multiple Choice

If the cross-price elasticity between good X & Y is positive, we know the goods are:


A) inferior goods.
B) complements.
C) inelastic.
D) substitutes.

Correct Answer:

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