Multiple Choice
Consider the following data for a hypothetical economy.
TABLE 4-5
-Refer to Table 4-5.The cross-price elasticity of demand for transit passes in terms of the price of gasoline is ________.We can therefore conclude that these two goods are ________.
A) 0.5; substitutes
B) 0.2; substitutes
C) 5.0; complements
D) 0.2; complements
E) 0.33; substitutes
Correct Answer:

Verified
Correct Answer:
Verified
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