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The Figure Given Below Shows the Demand Curves for Five

Question 54

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1    -Peanut butter and jelly are: A) substitutes and have a positive cross-price elasticity of Demand. B) complements and have a positive cross-price elasticity of demand. C) substitutes and have a positive cross-price elasticity of demand. D) complements and have a negative cross-price elasticity of demand. E) inferior goods when the income elasticity of demand is positive.
-Peanut butter and jelly are:


A) substitutes and have a positive cross-price elasticity of Demand.
B) complements and have a positive cross-price elasticity of demand.
C) substitutes and have a positive cross-price elasticity of demand.
D) complements and have a negative cross-price elasticity of demand.
E) inferior goods when the income elasticity of demand is positive.

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