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    Exam 3: The Concept of Elasticity and Consumer and Producer Surplus
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    The Cross Price Elasticity for Coffee for a Change in the Price
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The Cross Price Elasticity for Coffee for a Change in the Price

Question 141

Question 141

Multiple Choice

The cross price elasticity for coffee for a change in the price of tea is likely to be


A) Negative and more negative than -1
B) Negative but less negative than -1
C) Zero
D) Positive

Correct Answer:

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