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The Cross-Price Elasticity of Demand for Textbooks and Copies of Old

Question 5

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The cross-price elasticity of demand for textbooks and copies of old exams is −3.5.If the price of copies of old exams increases by 10 percent,the quantity demanded of textbooks will:


A) fall by 3.5 percent.
B) rise by 3.5 percent.
C) fall by 35 percent.
D) rise by 35 percent.

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