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    Exam 5: Elasticity and Its Applications
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    If the Cross-Price Elasticity of Demand of Two Goods Is
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If the Cross-Price Elasticity of Demand of Two Goods Is

Question 92

Question 92

Multiple Choice

If the cross-price elasticity of demand of two goods is negative, we can conclude that the two goods are:


A) substitutes.
B) complements.
C) normal goods.
D) inferior goods.

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