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    Economics Today Study Set 1
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    Exam 19: Demand and Supply Elasticity
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    Why Can Cross Price Elasticity of Demand Be Positive or Negative
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Why Can Cross Price Elasticity of Demand Be Positive or Negative

Question 230

Question 230

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Why can cross price elasticity of demand be positive or negative, unlike the price elasticity of demand with respect to the item's own price?

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