Multiple Choice
Suppose that the price of Product A increased from $9 to $11 and the quantity demanded of Product B increased from 192 to 208.What can be said about the products?
A) They both have elastic demands.
B) They both have inelastic demands.
C) They are inferior products.
D) They are complementary products.
E) They are substitute products.
Correct Answer:
Verified
Correct Answer:
Verified
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