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Considering the Concept of Cross-Price Elasticity,if Two Goods Are Complements

Question 89

Multiple Choice

Considering the concept of cross-price elasticity,if two goods are complements:


A) an increase in the price of one will cause a decrease in the demand for the other.
B) an increase in the price of one will cause an increase in the demand for the other.
C) a decrease in the price of one will cause a decrease in the demand for the other.
D) the cross-price elasticity is positive.

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