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The Article "SUV Sales Drop with Gasoline Price Rise" States

Question 115

Multiple Choice

The article "SUV Sales Drop with Gasoline Price Rise" states


A) That gasoline and SUV sales have a cross-price elasticity that is negative.
B) That gasoline and SUVs are substitute goods.
C) That the cross-price elasticity for SUVs and gasoline is positive.
D) That a drop in the price of gasoline will have little impact on SUV sales.

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