Multiple Choice
If the demand for product A displays high and positive cross-price elasticity with respect to the price of product B, then:
A) the demand for product A is likely to have a low price elasticity.
B) products A and B are substitutes.
C) products A and B are complements
D) the demand for product B is likely to have a low price elasticity.
Correct Answer:
Verified
Correct Answer:
Verified
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